This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
As a group, health stocks have performed well this year. The
iShares Dow Jones US Healthcare ETF (
IYH) is up more than 22% year-to-date, besting the
S&P 500 by a whopping 7% over the same time frame. For every dollar a broad market index has gained in 2013, health care indices have gained $1.50. But the health care sector's leadership goes beyond just outperformance.
Health care has been a step ahead of major indices in terms of timing too. Most large health stocks rolled over weeks before the S&P 500 started on its multimonth correction -- and now, health names are showing signs of strength again. That suggests that Mr. Market could be heading higher too in July.
>>5 Stocks the Pros Love This Summer
That's why we're taking a technical look at the trading setups brewing
five health care stocks today.
For the unfamiliar,
technical analysis is a way for investors to quantify qualitative factors, such as investor psychology, based on a stock's price action and trends. Once the domain of cloistered trading teams on Wall Street, technicals can help top traders make consistently profitable trades and can aid fundamental investors in better planning their stock execution.
>>5 Stocks Poised for Breakouts
So without further ado, let's take a look at
five technical setups worth trading now.