GlaxoSmithKline (GLAXO) is ready for a bullish rally

GlaxoSmithKline (GLAXO) is currently consolidating after a long bullish rally. Key resistance lies at 445-446. A break above this level will lead to further rally. Key support lies at 360.

With the earnings of the pharmaceutical sector on the rise due to deregulation of prices, a good result from GLAXO is also expected. The stock has also become part of many mutual funds’ holding. A share to keep an eye on.