Cigna (NYSE: CI) “tumbled nearly 10% Friday after releasing a disappointing fourth-quarter earnings report and worse-than-expected outlook for the coming year. The breakdown could not be clearer on the charts, with a jump down through its key rising trendline from July 2012 and exceptionally heavy volume,” according to Barron’s.
There are also mounting signs of technical weakness in Cigna rival Aetna (NYSE: AET), Barron’s reports. Those stocks combine for 12.1% of the ETF’s weight. WellPoint (NYSE: WLP), IHF’s third-largest holding with a weight of 6.5%, resides below its 200-day moving average, widely believed to be a bearish sign.
As for IHF, the ETF recently dropped below its 50-day moving average and is off 3.5% in the past month.
iShares U.S. Healthcare Providers ETF
