On February 23, we put out the following article which anticipated a pullback in the Health Care sector. Now that the “Bullish Percent” indicator is back below 50 (as it had done in the historical examples outlined in this article), it may be time to add some health care exposure in selected names:
We have put out 7 (PINs – Position Idea Notifications) in the sector in the last few days (2 of which have already booked profits PCN – Position Completion Notifications). The remaining 5 we will hold for some time as we think they have room to run.
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