Seeking Alpha

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

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.
Comments (2)
  • minwyhe
    , contributor
    Comments (103) | Send Message
     
    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
  • nightjoe
    , contributor
    Comments (48) | Send Message
     
    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
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs