Health Care is Ready to Move

Defensive or not Healthcare has been a great growth sector. And it makes complete sense when you step back from the 50 year old definitions of a defensive sector and look at demographics. The population continues to age. Medicine, surgery, research and technology are all part of healthcare. And since everyone wants to live forever this is the place to be for the long run. But a look at the chart of the Health

xlv

Care Select Sector SPDR, $XLV, shows it is also the place to be right now. At least for a little while from a trading perspective. The daily chart below shows that it is breaking out of a consolidation zone with a measured Move higher to 51. It has support from the rising Relative Strength Index (RSI) and the Moving Average Convergence Divergence indicator (MACD) turning up and about to cross to positive.

Want to learn more about Dragonfly Capital Views?
Dragonfly Capital Views Performance Through April 2013 Expiry and sign up here.

If you like what you see above sign up for deeper analysis and trading strategy by using the Get Premium button above. As always you can see details of individual charts and more on my StockTwits page.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

blog comments powered by Disqus
Dragonfly Caps Blog