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.
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