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Technicians don't like to read the papers, so Greg Harmon is looking at the action in big cap...

  • Wednesday, June 20, 2012, 7:31 AM ET
    Technicians don't like to read the papers, so Greg Harmon is looking at the action in big cap pharma stocks and it's telling him they're going to like the outcome of the Supreme Court ruling on Obamacare. Bristol-Myers (BMY), Eli Lilly (LLY), Merck (MRK), and Pfizer (PFE) - all yielding nearly 4% or more - are all on the verge of long-term breakouts.
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This news story has 2 comments:

  •  
    Hope this whoever Greg Harmon is wrong. We actually need universal healh care coverage and let people who can afford cafe plans pay for the services themselves. Pharna ove prices the wonder drugs and how many actually perform or do not have serious side effects.
    20 Jun 2012, 08:30 AM Reply Like
  •  
    Whatever way the decision goes, big Pharma will do OK. The pipeline is looking good. Without the high price motive, there is less innovation. Development slows down.
    20 Jun 2012, 09:37 AM Reply Like
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