LONG-TERM RELATIVE RATIO CHARTS – Healthcare Sector
Beginning with this post I began showing the relative ratios of all US equity industries vs. the SPX across their entire history. Posts will be grouped by sector, and each sector post will show all the relative sub-industries within it. I’ve generally tried to only…
13-Year Support Could Help Propel This Stock to Material Upside
AMED is presented below. The stock sits at 13-year support at line (2) which forms the low end of a long-term channel defined by it and line (1). At the same time it sits b/t a flag/consolidation pattern formed by…...
Taking a Look at the Healthcare Industry
The chart below highlights the ratio of the DJ US Healthcare Providers Index vs. SPX. The ratio is caught in a long-term ascending triangle pattern b/t lines (1) and (2). Typically such patterns are bullish and result in strong break-outs…....