Courtesy of Chris Kimble.
Over the past 5-years, Health Care stocks have done well. Actually they have done very well, as they are the leading performing sector, of the 9 key sectors that make up the S&P 500 (see lower left inset table).
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Health Care ETF (XLV) remains inside of 6-year rising channel (A). It touched support of the rising channel a couple of months ago, which held.
Now XLV is testing falling resistance at (1) above.
A breakout of resistance, would be a positive and if it happens, should attract buyers.
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