Here are some niche Pharma stocks making a move –
1. Lincoln Pharma
Source: Chartalert.com
Lincoln Pharma today broke a resistance and it needs to be seen what stock will do from here
2. Unichem Labs
Source: Chartalert.com
Unichem Labs stock has broken out and now slowly and steadily inching up.
3. Bliss GVS Pharma
Source: Chartalert.com
Bliss GVS Pharma stock has broken out and now needs buying again to take the stock higher
4. SMS Pharma
The stock has yet to breakout but stock seems to be getting lots of trading interest for now
How can one play this?
Just like you play a breakout. Buy post breakout and hope that it will be rewarding. Sometimes, these stocks rally like a rocket and sometimes they just test your patience. Small-cap Breakouts are little risky and can test your patience. One should always have small exposure in such breakouts.
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers