Idexx Laboratories
-
IDXX
-
$452.77
-
-0.02%
-
$454.41
-
$460.38
-
$452.46
Fri, November 1, 2024 | 12:35PM ET
Don't look now, but Healthcare has started to show some early signals that it could begin an end of year mean reversion rally. These types of mean reversion trades are common in November into the following February. Thus, while HC trend is negative, it's showing signs that it can snap back. MY technical ranking on Healthcare is neutral but believe this will rally in November and could outperform. I'll discuss more tonight. Notable outperformers today are A-1.04% , ABT1.31% CAH-0.25% , IDXX-0.02% Lots of good strength across various sub-sectors. Following severe underperformance, today's broad-based sector strength within Healthcare is a plus, and XLV-0.65% is breaking out of the minor downtrend of the past month.
