Pharmaceutical companies are out of favor now. PPH, an ETF tracking these stocks, keeps moving in bearish chart pattern.
The price develops this pattern after a breakdown of strong support. This price action indicates further weakness ahead. This bearish chart pattern offers a profitable bearish strategy.
Trading Tip: Three reasons why to look for bearish short term stock picks
Check these three major reasons why to look for the best stocks for a short-sell trade.
Picks from Richard’s Trading Club
Bullish ETF list: FDN, EPU and more
Bearish ETF list: PPH, VNM and more
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