Technical Analysis on AmerisourceBergen and McKesson - Wholesale Drug Companies Taking Good With the Bad

Thu Nov 8, 2012 8:00am EST

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  NEW YORK, NY, Nov 08 (Marketwire) -- 
Companies in the wholesale drug industry, such as AmerisourceBergen and
McKesson, have been doing an admirable job of late. Sales for many
companies in the industry have contracted in recent quarterly reports, as
the impact of lower priced generics take their toll. However, earnings
have not followed the same trend in some cases, as select companies have
effectively cut costs and improved margins. StBulls.com initiated
technical analysis on AmerisourceBergen Corporation (NYSE: ABC) and
McKesson Corp. (NYSE: MCK). These reports are free upon registration at 

http://www.stbulls.com/ 

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    With the major shift from brand-to-generic drugs continuing, companies
that have a diversified portfolio of products could be better equipped to
deal with the continued patent expirations. A wide range of product
offerings are also a plus during times of economic uncertainty, as
companies do not have to rely on the success of only a handful of
products. In recent weeks, Drug wholesaler McKesson made steadfast their
decision to acquire PSS World Medical in a bid to boost its portfolio of
medical supplies and to develop its distribution. Our technical analysis
on McKesson is available at

http://www.stbulls.com/McKessonCorp08112012.pdf 

    Also working in favor of the industry is the ageing baby-boomer
population. The U.S. is currently witnessing 10,000 baby boomers per day
crossing the 65-year-old mark, and this trend will continue for more than
fifteen years. With older people generally requiring more medical
attention, the industry could be well positioned for growth moving
forward. Companies like AmerisourceBergen should also be able to take
full advantage of the expanded healthcare coverage. Read our technical
analysis on AmerisourceBergen at 

http://www.stbulls.com/AmerisourceBergenCorporation08112012.pdf 

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