Buyout news and bouncing off bottom trend.
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).
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