Sep
25
Health Care
ByHealth Care has come off a nice double bottom and looks like it is on the way to $30. Although this is not a big gain, this sector could punch through the resistance level and go to $33. There is a lot of resistance and this level and it will be difficult to get through.
Health Care, a defensive sector, typically does well in the late summer early autumn. It is a good sector to own if times if the market suffers a correction.
The Obama administration has been raising a lot of health care issues recently. Although this can have an adverse effect the defensive qualities still make this an attractive sector at this time.
