Pharma and Biotech This Year's Big Winners
by GaveKal Capital,
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.
The internal strength has been quite impressive lately, with 82% of the stocks above their 100 day moving average.
22% of the companies in the pharma/biotech industry group are making net new highs, the highest of any industry group.
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.