BALTIMORE (Stockpickr) -- Investors in search of healthy gains in 2014 need look no further than health care stocks. As a sector, health care is outpacing the rest of the broad market this year, besting the S&P 500 by a full point year-to-date on average. But the average gains are just the tip of the iceberg. Hone in on strongest performers, and the numbers look far more impressive.
Health care stocks are home to some of the most exciting, fast-moving opportunities on the market. Yesterday's acquisition-driven 229% pop in shares of Idenix Pharmaceuticals (IDIX) is a perfect example of that. When is the last time you saw a buyout premium that big get dumped into a billion-dollar name?
Acquisitions are hard to get in front of, of course. But there are still some big trading opportunities popping up in a handful of health care stocks this week. To find them, we're turning to the technicals.
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.
Without further ado, let's take a look at five technical setups worth trading now.