Sector Scan: Medical Stocks

Plenty of opportunity for calls or buys

   

In contrast to last week, my Power Stocks system is showing medical stocks exploding with “Buy Watch”-rated stocks this week. My Power Options system identifies the most volatile and liquid stocks for option trading or short-term stock trading—both important qualities for trading.

Use the following information to help you with your own options or short-term stock trading program.

Stocks to Buy

These stocks are in very strong uptrends. Be on the alert to buy these names on further strength.

  • Astrazeneca (NYSE:AZN)
  • Boston Scientific (NYSE:BSX)
  • Novo Nordisc (NYSE:NVO)
  • Coventry Health Care (NYSE:CVH)
  • Eli Lilly (NYSE:LLY)
  • Pfizer (NYSE:PFE)
  • Biogen Idec (NASDAQ:BIIB)

Improving Stocks

These stocks were in downward trends, but they’re rising up again temporarily before hitting resistance – which means an opportunity for calls with a strike price at the resistance level.

  • Merck (NYSE:MRK)
  • Bristol Meyers-Squibb (NYSE:BMY)

 

Not sure how to take advantage of this information? Check out my free report, 20 Secrets to Options Trading, for time-tested lucrative options trading tactics.

Ken Trester is editor of the popular Maximum Options program. Trester has been trading options since the first exchanges opened in 1973 with a winning streak that goes back to 1984 with money-doubling average annual profits since 1990.


Article printed from InvestorPlace Media, http://investorplace.com/247trader/sector-scan-medical-stocks-2/.

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