ARTICLE SYNOPSIS...The long-term wedge formations that have developed in the pharmaceutical indices may very well be nearing an end. Look for a breakout to predict future moves.
ARTICLE SYNOPSIS...The diamond at the bottom of the decline in the S&P Pharmaceuticals Index could mean reversal. But further declines are more likely.
ARTICLE SYNOPSIS...Stochastic divergences in the pharmaceutical HOLDRS suggest opportunities in the beaten-down drug sector.
ARTICLE SYNOPSIS...Gilead's (GILD) Remdesivir appears to have been shown to be somewhat effective in the treatment of patients severely affected by Covid-19, which is the disease caused by the coronavirus. This news has had an effect on the share price of the company.