S&P Pharmaceutical Sector: A Prescription for Growth
● 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.
● 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.
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