Drying Off

Nothing's so cold
As closing the heart when all we need
Is to free the soul
But we wouldn't be that brave I know
--Toad the Wet Sprocket

Am digging the action in Merck (MRK). Has been trading dry during the recent market give back.

Technically, the stock has broken a multiyear downtrend and has formed nearly a 12 month base.

Most pharma has been trading better, likely due to prognostications that the administrations health care proposal may have less teeth w.r.t. the drug makers.

A decisive move thru 32 seemingly 'works' to 36ish, which is the 200 day moving average.

position in MRK