Defensive Pharma Supplier Forming High Tight Bull Flag
Cencora (COR) shares of the pharma products supplier formerly known as AmerisourceBergen before a name change are continuing to show outstanding relative strength as a defensive value name and has stayed above its rising 21 EMA the past few months during market chaos. COR now is forming a bull flag after the recent dip found buyers at the 21 day and now looks ready to run up to the 300 level as a nice round number target.