{"id":4863,"date":"2017-01-30T12:10:45","date_gmt":"2017-01-30T17:10:45","guid":{"rendered":"http:\/\/www.morpheustrading.com\/blog\/?p=4863"},"modified":"2017-01-30T12:10:45","modified_gmt":"2017-01-30T17:10:45","slug":"hot-healthcare-stocks-etf","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/hot-healthcare-stocks-etf\/","title":{"rendered":"Stocks To Buy: 1 ETF And 2 Hot Healthcare Stocks Poised For Breakout"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-4870\" src=\"https:\/\/www.morpheustrading.com\/blog\/wp-content\/uploads\/2017\/01\/healthcare-stocks-300x171.jpg\" alt=\"Healthcare stocks are hot\" width=\"300\" height=\"171\" title=\"\" srcset=\"https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2017\/01\/healthcare-stocks-300x171.jpg 300w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2017\/01\/healthcare-stocks-110x63.jpg 110w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>In our previous blog post, we shared <a href=\"https:\/\/www.morpheustrading.com\/blog\/small-mid-cap-stocks-2017\/\" target=\"_blank\">our analysis<\/a>\u00a0about why small cap stocks could be big winners in 2017.<\/p>\n<p>Now, we dig\u00a0in to a bit of industry sector analysis to reveal why the healthcare sector is on our radar screen and in play for potential breakout entry soon.<\/p>\n<p>In this article, we&#8217;ll show you our top healthcare ETF pick right now, as well as our two best stock picks within the healthcare sector.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">TABLE OF CONTENTS<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/morpheustrading.com\/blog\/hot-healthcare-stocks-etf\/#Healthcare_Is_Hot\" >Healthcare Is Hot<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/morpheustrading.com\/blog\/hot-healthcare-stocks-etf\/#S_P_Biotech_ETF_XBI\" >S&amp;P Biotech ETF ($XBI)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/morpheustrading.com\/blog\/hot-healthcare-stocks-etf\/#Glaukos_Corp_GKOS\" >Glaukos Corp ($GKOS)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/morpheustrading.com\/blog\/hot-healthcare-stocks-etf\/#Aerie_Pharmaceuticals_AERI\" >Aerie Pharmaceuticals ($AERI)<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Healthcare_Is_Hot\"><\/span><strong>Healthcare Is Hot<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Healthcare ETFs and stocks are\u00a0currently in pullback mode, after having solid runs throughout most of 2016.<\/p>\n<p>Many have been pulling back from their recent highs, which is bullish because it enables solid bases of consolidation to form.<\/p>\n<p>Such <a href=\"https:\/\/www.morpheustrading.com\/blog\/best-stock-breakouts\/\" target=\"_blank\">bases of consolidation are bullish<\/a> and often lead to the best breakouts.<\/p>\n<p>So, let&#8217;s drill down to the weekly charts of one ETF and two individual stocks that could soon be in play for <a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\"><em>Wagner Daily<\/em><\/a> buy entry.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"S_P_Biotech_ETF_XBI\"><\/span><strong>S&amp;P Biotech ETF ($XBI)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Our top ETF pick within the healthcare sector is S&amp;P Biotech ETF ($XBI), which is nearing major support on its weekly chart.<\/p>\n<p>As shown below, $XBI has come into support of its <span class=\"__postbox-detected-content __postbox-detected-date\">40-week<\/span>\u00a0moving average (similar to 200-day moving average), while also forming a <a href=\"https:\/\/www.investopedia.com\/terms\/p\/pennant.asp\" target=\"_blank\" rel=\"noopener\">bullish pennant<\/a> pattern:<\/p>\n<div class=\"moz-text-flowed\" lang=\"x-unicode\">\n<p><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/\/%7Erick\/\/charts\/2016\/170125XBI.png\" alt=\"$XBI WEEKLY \" title=\"\"><\/p>\n<p><strong>A\u00a0<\/strong><strong>pullback buy entry into $XBI <\/strong>could be made near current levels, with a stop below the 40-week moving average (or prior swing low for a looser stop).<\/p>\n<p>Of course, $XBI is also in play for buy entry on a breakout above the upper channel resistance (above $67 area).<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Glaukos_Corp_GKOS\"><\/span><strong>Glaukos Corp ($GKOS)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Glaucoma treatment maker Glaukos Corp ($GKOS) currently has one of the strongest stock chart patterns within the healthcare sector.<\/p>\n<p>The stock is currently forming a<strong> tight bullish base near its all-time high, <\/strong>which means there is no overhead resistance to contend with.<\/p>\n<p>This is actually\u00a0what we look for\u00a0with the majority of buy setups listed in our nightly stock pick newsletter.<\/p>\n<p>With $GKOS trading near its record high, its price is well above its 40-week moving average, as well as\u00a0its 10-week moving average (similar to 50-day moving average).<\/p>\n<p>We have annotated the bullishness of $GKOS on the weekly chart below:<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/\/%7Erick\/\/charts\/2016\/170125GKOS.png\" alt=\"$GKOS weekly \" title=\"\"><\/p>\n<p>Note the big volume spikes within the base, indicating strong institutional demand for the stock.<\/p>\n<p>A big spike in volume\u00a0on the weekly or daily chart is something we always focus on\u00a0to help us identify the best stock trade setups.<\/p>\n<p>Finally, note that volume dropped off substantially last week.<\/p>\n<p>If it remains light this week, $GKOS may offer a clear<strong> buy entry above the current two-week high<\/strong> next week.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Aerie_Pharmaceuticals_AERI\"><\/span><strong>Aerie Pharmaceuticals ($AERI)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Like $GKOS, $AERI is also consolidating at all-time highs and trading in a very tight range above the 10-week moving average.<\/p>\n<p>The breakaway gap <span class=\"__postbox-detected-content __postbox-detected-date\">up that $AERI formed on September 15, 2016<\/span> was a <em>very<\/em> bullish sign, as it was accompanied by volume that was 15x greater than average!<\/p>\n<p>The weekly chart below does not show the actual gap up, but the wide-ranged bar on monster volume (highlighted in the black rectangle) led to the current basing action:<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/\/%7Erick\/\/charts\/2016\/170125AERI.png\" alt=\"$GKOS weekly \" title=\"\"><\/p>\n<p>If $AERI manages to rally above last week&#8217;s highs, it should generate significant buying interest and a low-risk buy entry.<\/p>\n<p>Bullish momentum of such a move could swiftly lead to fresh highs.<\/p>\n<p>Again, look for a strong pickup in volume to confirm the breakout action and your breakout buy entry.<\/p>\n<p>Alternatively, you could establish a <em>partial\u00a0<\/em><em>position<\/em> near current prices (close to the 10-week MA), then add additional shares on a confirmed breakout.<\/p>\n<\/div>\n<p>As always, subscribers of <strong><em><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\">The Wagner Daily<\/a>\u00a0<\/em><\/strong>will be notified in real-time if\/when we &#8220;officially&#8221; buy $XBI, $GKOS, or $AERI.<\/p>\n<p><em>Have any other healthcare stocks on YOUR\u00a0radar screen? Drop a comment below and share your thoughts with the world.<\/em><\/p>\n<p><center><script src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\" async=\"\" type=\"text\/javascript\"><\/script><!-- Footer of content --> <ins class=\"adsbygoogle\" style=\"display: inline-block; width: 300px; height: 250px;\" data-ad-client=\"ca-pub-7565144363001883\" data-ad-slot=\"7002222565\"><\/ins><script type=\"text\/javascript\">\/\/ <![CDATA[ (adsbygoogle = window.adsbygoogle || []).push({}); \/\/ ]]><\/script><\/center><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In our previous blog post, we shared our analysis\u00a0about why small cap stocks could be big winners in 2017. Now, we dig\u00a0in to a bit of industry sector analysis to reveal why the healthcare sector is on our radar screen and in play for potential breakout entry soon. In this article, we&#8217;ll show you our [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[3],"tags":[],"class_list":["post-4863","post","type-post","status-publish","format-standard","hentry","category-stock-trading-strategy"],"_links":{"self":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/4863","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/comments?post=4863"}],"version-history":[{"count":0,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/4863\/revisions"}],"wp:attachment":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media?parent=4863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=4863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=4863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}