A Health Care Reform Winner

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AmerisourceBergen Corp. (NYSE: ABC ) - This pharmaceutical services company provides drug distribution and related services.

Earnings growth of more than 32% has made ABC an institutional favorite. S&P says that ABC should benefit from health care reform and "likely will gain share in the long term." S&P maintains a "four-star buy" with a 12-month target of $36.

The stock has been in a steady bull channel supported by the 50-day moving average for over a year. It is up more than 80% since its low in March 2009, and now it appears to be getting stronger as the stochastic is turning up.


Following a consolidation within the familiar outlines of a "cup," a breakout at $33 yields a trading target of $39.

Trade of the Day - ABC Stock Chart

Trade of the Day Chart key If you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: Investing , Stocks

Referenced Stocks: ABC

Sam Collins

Sam Collins

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74,253,019
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63,964,672
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46,613,720
  • $27.52 ▼ 0.58%
43,333,298
  • $6.54 ▼ 0.46%
41,965,943
  • $8.51 ▼ 6.99%
36,942,333
  • $34.67 ▼ 0.12%
28,380,125
  • $46.59 ▼ 0.66%
28,145,534
  • $33.105 ▼ 1.03%
As of 5/26/2015, 04:15 PM


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