Replies to post #10 on Novartis (NVS)

[Ecomike]

NVS broke out on top of a 3-4 year upper down trend line at about $50/share a few weeks ago. Since then it has bucked the recent downward stock market correction and has proceeded to climb, hitting new 52 week highs a number of times the last 3 weeks including the last 2 days in a row. Also NVS has recently announced a commitment to move into the China bio-pharmaceuticals market with a $1 billion dollar budget.

I have been long NVS for about 6 months.