Pharmaceuticals (DRG) predictable periodicityThe pharmaceuticals index has predictable half cycle periodicity, about 13 weeks. I will be looking to buy some pharmas somewhere near early November, since December is a slam dunk for pharmaceuticals with higher highs 79% of the time (20 year seasonality).
I am working on a few prospects now, and will set my alerts...
DRG trade ideas
DRG - Pharmaceuticals Finding Relative StrengthDRG broke out of a consolidation period during yesterday's trading & continued its bullish momentum today. The industry is also beginning to find relative strength against the SPX. This could be an industry worth looking around in to find some stocks to provide alpha if it continues to strengthen.