Bend Over and Cough, This Won’t Hurt a Bit
That is of course if you are investing in Health Care Providers. Now if we are talking about paying for the Insurance or getting the services yourself…well that is a different story, so we will stick with investing in them. $IHF is the Ishares ETF covering the Industry. The RS Movers list drew my attention to the sector a few days ago and it was the sole sector on the list tonight.
Looking at the chart we can see it recently broke out of a year long ascending triangle and continues with higher highs and higher lows.
The relative strength and the recent longer term Breakout makes this a good place to look for opportunities. Below is the major holding of $IHF with individual RS figures. As always there is a big diversity in strength within the sector.
Start here and use this to help identify the opportunity that fits your trading style. Build a plan, and make back some of those ridiculous premiums we are going to be paying.
If you like what you see, follow me on StockTwits or Twitter.
(All market data above are derived from Stockcharts.com, Esignal, and Reutersdatalink)
