Large cap pharma stock ABC got sold-off in April after missing
Q1 earnings and revenue estimates. It had gained ~50% over the
previous 12 mths driving its dividend yield down to 1.4%.
--
The bearish view would have it presently in a b-wave (may go
higher). Looking for a breakdown through the middle trendline on
increased volume - target ~$50.
ABC Misses Q1 Estimates
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ABC pharma stock
Posted by rixx on 15th of May 2013 at 09:20 am
Large cap pharma stock ABC got sold-off in April after missing Q1 earnings and revenue estimates. It had gained ~50% over the previous 12 mths driving its dividend yield down to 1.4%.
--
The bearish view would have it presently in a b-wave (may go higher). Looking for a breakdown through the middle trendline on increased volume - target ~$50.
ABC Misses Q1 Estimates