I was surprised this week to note the large number of health-care names represented on the new highs list.
Here are three stocks in the health-care sector that could provide further upside potential based on their improving technical characteristics.
That all changed in November, when BSX finally broke above this well-established resistance level, pushing into the upper $50s this month.
From November 2022 to June 2023, AMGN dropped from around $295 to $215, shedding about 27% of its value in just seven months.
With any breakouts like this one, it's important to watch the previous resistance level which often serves as price support going forward.
Persons:
I've, BSX, Stryker, SYK, AMGN, David Keller
Organizations:
Boston, Stryker Corp, Inc, David Keller https