S&P Pharmaceutical Sector: A Prescription for Growth

16 ott

● The S&P Pharmaceutical sector has great potential for growth.
● The weekly chart shows that after breaking out of the Symmetrical Triangle Pattern, the ETF had a short period of consolidation and is now ready for a rise.
● The daily chart also indicates a Cup & Handle Pattern, with the price trending upward post-breakout.

As the industry revives, certain stocks are ready to achieve similar success

Key stocks to watch:

Hims & Hers HIMS

● The price has broken the trendline resistance with high volume.
● More upward movement is likely to follow.

Crinetics Pharmaceuticals CRNX

● Mirrors HIMS' chart pattern.
● Poised for robust growth after breakout.