All healthcare stocks are not created equal. In fact, the industry is so diverse that it often makes little sense to group these stocks in the same sector.
Currently, although the ubiquitous healthcare exchange-traded fund, the Health Care SPDR (XLV), is trading at fresh all-time highs, its charts don’t look nearly as attractive as those of a handful of individual healthcare stocks that it is composed of. Just like the broader market, the XLV rallied sharply off the early February lows and is increasingly looking near-term overbought.
However, while the following three healthcare stocks also rallied over the past two weeks, each of them displays a much tighter technical pattern than the broader sector chart, and thus look better-positioned for the near to medium-term time frames.