From a technical perspective, last week’s breakout in healthcare ETFs is a bullish sign for the sector.
“This past Friday the iShares Dow Jones US Healthcare Sector ETF (NYSEArca: IYH) pushed above its sideways channel in the chart above and IYH has been reflecting relative strength compared to the S&P 500 over the past couple of months,” according to Kimble Charting Solutions.
Health Care Select Sector SPDR
