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3 Healthcare Stocks That Look Ripe to Rally

Technically sound patterns are spelling opportunity

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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.

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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.

Article printed from InvestorPlace Media,

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