Drug Stocks Moving Higher

The Pharmaceutical HLDRs (PPH) has accelerated above key near-term resistance at 76.40/50, which has triggered upside follow-through towards a test of more important resistance at 77.50/60. The juxtaposition of the bullish RSI oscillator with the rising price structure usually is a powerful combination that should propel prices higher. My next optimal target zone is 78.00/30.