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.
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(All market data above are derived from Stockcharts.com, Esignal, and Reutersdatalink)