Gavekal Capital: Pharma and Biotech This Year's Big Winners

Wednesday, March 5, 2014

Pharma and Biotech This Year's Big Winners

Year-to-date, the pharmaceutical and biotech industry group is leading all other industry groups in the MSCI World index, up 11.21% on average.

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The internal strength has been quite impressive lately, with 82% of the stocks above their 100 day moving average.

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22% of the companies in the pharma/biotech industry group are making net new highs, the highest of any industry group.

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A net 70% of the companies in the pharma/biotech industry group have recorded positive performance over the last 100 days, again making it the strongest group in the MSCI World index.

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