This stock is trending up on the overall chart with usual pullbacks. So far over the last couple of months, it has held above the bottom trend line I have indicated. Last Friday's close appears to be the final dip before the next leg up. Tonight, news was just released regarding a buyout by
NVS
for $8.7 billion in cash, equivalent to $218 per share, an 88% premium! The deal is expected to close mid-2018 according to an article in The Wall Street Journal by Alberto Delclaux. With this news, I would expect tomorrow (4/9) to have a nice run with continued climb the coming week(s).
NVS
for $8.7 billion in cash, equivalent to $218 per share, an 88% premium! The deal is expected to close mid-2018 according to an article in The Wall Street Journal by Alberto Delclaux. With this news, I would expect tomorrow (4/9) to have a nice run with continued climb the coming week(s).