5 Health Care Stocks Triggering 'Buys' This Week
BALTIMORE (Stockpickr) -- Health care stocks have been going through a long convalescence in the last few months.
A performance comparison shows just how serious the sector's malady is: While the S&P 500 has climbed 11.75 in the past three months, the health care sector has only managed to muster a 2.3% climb over the same time period. But there's more to those underwhelming returns than meets the eye. Underperformance tends to be cyclical, after all, and that means that health care stocks are due to play catch up with the S&P.
That's creating some attractive trading opportunities in a handful of health care stocks that are starting to make a move higher. So today, we'll take a technical look at five of them.
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.
So, without further ado, let's take a look at five technical setups worth trading now.