Sector Watch-Healthcare
Bearish
Sector trading above its…
20-day Moving Average: YES
50-day Moving Average: NO
100-day Moving Average: NO
Sentiment:Analyst rankings on the sector indicate that roughly 50 percent are “buys” or higher. Short interest on the sector is among the lowest 20 percent of readings during the past two years, indicating that there is some optimism in the current trading landscape.
Outlook: The Morgan Stanley Healthcare Payors Index (HMO – 1,733.1) continues to struggle with long-term resistance in the 1,780 region, while it currently tests support at its 50-week moving average. The added signs of optimism mentioned above suggest that selling may be prolonged due to the “crowd” having been bullish toward these stocks.
Leave a Reply