Fairlead Strategies Idea Generator
Managed Care Stocks
Today we are focusing on the healthcare sector, which tends to exhibit defensive properties (biotechnology stocks aside) and therefore tends to outperform in a volatile market.
Austin Hankwitz had among his favorite stock ideas last Friday three managed care companies in the healthcare sector. For fundamental color, you can access Austin’s post below, followed by our technical color.
First, a few words on the healthcare sector more broadly…
From a technical perspective, the healthcare sector looks poised to exhibit relative strength versus the S&P 500 Index into next year, especially if the Health Care SPDR Fund (XLV) can break out to new highs, which seems likely given how our indicators setup.
The three stocks that Austin mentions in the healthcare arena are UnitedHealth Group (UNH), Humana (HUM), and Anthem (ANTM), all of which set up positively on their charts.
In our view, ANTM has the most promising setup…
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