Healthcare Nears Double-Bottom Support
InTheMoneyStocks.com | Apr 16, 2019 03:18PM ET
Healthcare stocks are being crushed after medicare for all appears to be the wave of the future. While it may be coming soon (next decade or so), there are still possible long trades in the sector. For example, HCA (NYSE:HCA) is slamming into a double bottom, technical support level at $116.25. With the stock down over 8%, a technical long trade has a high reward factor for a day or two. Expect a bounce off this level back to as high as $124.
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