Novartis (NVS)

[Ecomike]

I'm on board here. I was told by a TA a few weeks back that it was time sell NVS, but I held. Glad I did, as NVS broke out over a multi year upper resistance trend line at about $50, and turned that line into support. We are still holding above that support in spite of the recent massive market down turn. Biotechs like this one seem to hold up much better than other sectors in a sell off like we are seeing right now.