Novo Nordisk:
28 October 2016, Friday, 3.33pm Singapore Time
This is the best theme of play among hedge funds right now.
Novo Nordisk, a European giant pharmaceutical company, executed a Bump and Run, i.e. a pump and dump, that is good for shorting because it is very overly-priced due to the bump.
Sanofi S.A:
28 October 2016, Friday, 3.33pm Singapore Time
Sanofi S.A, another fellow rival and also a European giant pharmaceutical company, becomes very bullish.
This makes buying of Sanofi S.A and shorting of Novo Nordisk as a hedge on the longs in healthcare sector stocks a good method of trading the markets. Smart money, smart hedge funds, smart fellow crocodiles.
Technical charts are illustrated as above.