Please see my blog entry from Monday April 18 here http://steadytrader.wpengine.com/are-pharmaceutical-stocks-about-to-rally-big/

Today the AMEX Pharmaceutical Index (DRG) is breaking out and higher above the $320 discussed on Monday.  Individual names like Pfizer (PFE) are acting well of course.

This all goes in my theme of non-cyclicals/defensive stocks starting to outperform the broader tape, as discussed here: http://www.minyanville.com/businessmarkets/articles/sp500-utilities-consumer-staples-financial-sector/4/18/2011/id/34021

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