Are Health Care Stocks Starting To Look Sick?

Guy Cerundolo
vanguard health care index fund bearish breakdown technical analysis chart image september

Vanguard Health Care Index Chart – NYSEARCA: VHT

Today’s chart of the day is the Vanguard Health Care Index ETF (VHT), a broad index across the sectors various industries.

VHT is showing absolute and relative weakness, which does not bode well for health care stocks.

Both the 50-day and 200-day moving averages are in a weak position. Our downside target for VHT is $160.

Med Tech as viewed by the iShares ETF (IHI) ranks very well in the sector. However, the Pharmaceutical ETF (PPH) is at the opposite side of the spectrum.

The author may have positions in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.