Varian Medical Systems ( VAR) pushed the Health Services industry lower today making it today's featured Health Services loser. The industry as a whole closed the day up 0.8%. By the end of trading, Varian Medical Systems fell 42 cents (-0.7%) to $60.94 on average volume. Throughout the day, 1.4 million shares of Varian Medical Systems exchanged hands as compared to its average daily volume of 1.1 million shares. The stock ranged in price between $60.76-$61.96 after having opened the day at $61.93 as compared to the previous trading day's close of $61.36. Other company's within the Health Services industry that declined today were: Arrhythmia Research Technology ( HRT), down 7.5%, Escalon Medical Corporation ( ESMC), down 7.1%, RadNet ( RDNT), down 6.8%, and Stereotaxis ( STXS), down 6.6%.

Varian Medical Systems, Inc. designs, manufactures, sells, and services equipment and software products for treating cancer with radiotherapy, stereotactic radiotherapy, stereotactic body radiotherapy, stereotactic radiosurgery, and brachytherapy worldwide. Varian Medical Systems has a market cap of $6.84 billion and is part of the health care sector. The company has a P/E ratio of 17.5, below the average health services industry P/E ratio of 17.9 and below the S&P 500 P/E ratio of 17.7. Shares are down 8.6% year to date as of the close of trading on Friday. Currently there are nine analysts that rate Varian Medical Systems a buy, no analysts rate it a sell, and one rates it a hold.

TheStreet Ratings rates Varian Medical Systems as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, IsoRay ( ISR), up 50%, Urologix ( ULGX), up 9.7%, CombiMatrix Corporation ( CBMX), up 8.7%, and Neostem ( NBS), up 8.5%, were all gainers within the health services industry with Medtronic ( MDT) being today's featured health services industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the health services industry could consider Health Care Select Sector SPDR ( XLV) while those bearish on the health services industry could consider ProShares Ultra Short Health Care ( RXD).

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