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Politics aside, if you take a look at the daily charts of AET CI CVH MGLN WLP, you will see a multitude of high volume breakouts over the past several days. Indeed, the healthcare stocks as a whole are attracting serious buyers of size at this juncture. Below, you will find the annotated daily charts of other healthcare stocks that are setting up properly behind the now extended leaders.
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Don’t forget WLP.
A bit extended here. Mentioned it as one of the leaders.
The $BKX has not rallied along with the indices and health care and utilites have rallied hard recently. A sign that the rally isn’t as healthy it may appear and that smart money is getting defensive?
Possibly, but plenty of other stocks are working well too.