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| March 31, 2008 |
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Vytorin problems for Merck (MRK) and Schering Plough (SGP) |
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We looked at a few stocks that have been in the news recently -- and a few big Pharmas stood out as recent Sells.
Then this morning, we noticed that Merck (MRK) and Schering Plough (SGP) had a problem with their two widely prescribed cholesterol-lowering drug, Vytorin and Zetia.
The stocks are down 17% and 27% today on the news was released.
But you didn't have to wait for the announcement to exit these -- they have been poorly ranked for quite some time in our system -- based on Friday's close, Merck was 39 and Schering Plough was a 17 out of 100.
Here are the 6 month charts, with Buy / Sell signals:
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