Vijaya diagnostic strong reversal stockVijaya diagnostics limited is a potential candidate for strong reversal. keep it on your radar!
Diagnostic
QUIDEL $QDEL "New High"$QDEL did a new high, RSI did too. Volume is far above the average.
12 months Consensus Price Target: $117
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Quest Diagnostics $DGX is pulling backAfter failed breakout, It is pulling back. $112.60 and $105.05 are the supports
DEXCOM $DXCMDexcom broke apart the resistance with great volume. RSI hit the resistance but the volume may give power for next week. Watch for RSI
Medical devices will winHealthcare has been a leader YTD, as it has the defensive nature and is gaining momentum on the spread and containment of the COVID. Also, negative sentiment of the healthcare sector regarding the opioid crisis (which seems like a long time ago now), and politicians creating regulations for insurance reform; has now subsided.
Inside the XLV, IHI (medical devices) and IBB (Biotechnology) have been outperforming, and will likely continue to do so.
The 3 most important holdings of the ETF will be very important during this pandemic:
1. ABT (diagnostic test for COVID) / 12.63%
2. MDT (medical ventilators/respirators) / 12.52%
3. TMO (diagnostic test for COVID) / 10.82%
