Large Cap Pharma stocks have been a complete disappointment but few niche Pharma names have done well. IPCA Labs and Divis Labs broke out in 2018 and I covered them back then. Here are three Pharma stocks positioned for Bullish moves over next 6 to 18 months
Divis Labs positioned for fresh breakout.
Source: Chartalert.com
Divis Labs breakout in 2018 did not see much fireworks. It was a slow and steady move with a new line of resistance at 1770. A fresh breakout to new high here can ignite momentum and will make the stock automatic buy again
Granules Labs Momentum Setup.
Source: Chartalert.com
As you can see in the chart above – Granules stock formed a double bottom at 86 and started making good bullish progress. The stock seems to hold moving average support and any decline to 116-118 makes the stock a compelling momentum pick for now.
Suven – Ready to Breakout or has Hit the Wall?.
Source: Chartalert.com
As you can see in the chart above – Suven stock has made a strong bullish move over the last few weeks and looks attractive in the 300-310 band with closing stop loss below 298. But the problem for the stock comes near 330-340 where the stock has a significant line of resistance
Source: Chartalert.com
These three Pharma stocks should be on your radar and please evaluate price action with the time to make the right investment decision.
Watching Suven and Granuales ..