Healthy Recipe?

  • August 22, 2001
  • Duke Heberlein

Healthcare is one area where pockets of strength appear to be showing up. I
always like it when more than one stock in a group or sector is showing bullish
signs. A couple of stocks in this area have been profiled today on TradersWire.

 

11:34:00

 LifePoint Hospitals (LPNT)
is trading in a running cup and handle atop its 20- and 50-day moving averages. LPNT
is currently down 0.49 to 46.12 and has a 3-month
relative strength ranking of 95 from TradingMarkets.com.

 

 

13:58:45

 Providence Healthcare (PRHC)
is trading in a running cup and handle. PRHC is down 0.74 to 36.71 and has a
3-month
relative strength ranking of 96 from TradingMarkets.com.

 

 

There has not been a great deal of strength exhibited in the
last few weeks, but I will keep my eye on these two with a bias for
continuation.

Until tomorrow,

Duke