We’ve seen the healthcare sector join in the leadership party as some sectors outperform the broader index. Is Alnylam Pharmaceuticals Inc poised to take advantage of this trend?
The GoNoGo chart below shows daily prices for $ALNY and we can see the technical environment has changed. The most recent bar is a “Go” recognizing that enough of the trend criteria are being met so we can identify trend change. This happened after the GoNoGo Oscillator broke above zero suggesting that momentum was coming back into the stock. If the GoNoGo Oscillator starts to find support at zero then we can expect the “Go” trend to persist and price to test the highs around $147.
