Investors are Dumping These Pharma Services Stocks in the Healthcare Sector

Through the early part of trading on Thursday, September 15, 2011, these stocks are bringing down the Healthcare (NYSE:XLV) sector. Long time Wall St. Cheat Sheet readers know to watch stock prices because Technicals on the Stock Chart are Strong’ is one of the ‘T’s in our CHEAT SHEET investing framework.

McKesson Corporation (NYSE:MCK) is among the price losers in the sector as its stock price is $74.56, down $1.34 (-1.7%) from the previous close of $75.83. McKesson Corporation delivers cost-reducing medicines, pharmaceutical supplies, information and care management products and services.

Stock Price Performance: From June 20, 2011, to September 14, 2011, the stock price had fallen $6.98 (-8.4%) from $82.81 to $75.83. It saw one of its worst periods between August 11, 2011 and August 22, 2011 when shares fell for eight straight trading days, falling 7.3% (-$5.74). The stock price saw one of its best stretches over the last year between April 18, 2011 and April 27, 2011 when shares rose for seven straight trading days, rising 5.4% (+$4.29).

Shares of Cardinal Health Inc. (NYSE:CAH) are trading at $40.65, down $1.09 (-2.2%) from the previous close of $41.58. Cardinal Health, Inc. offers products and services that improve the safety and productivity of healthcare providers.

Stock Price Performance: From July 19, 2011, to September 14, 2011, the stock price had fallen $4.23 (-9.2%) from $45.81 to $41.58. The stock price saw one of its best stretches over the last year between June 27, 2011 and July 7, 2011 when shares rose for eight straight trading days, rising 7.1% (+$3.10). It saw one of its worst periods between April 7, 2011 and April 14, 2011 when shares fell for six straight trading days, falling 3.8% (-$1.58).

AmerisourceBergen Corporation (NYSE:ABC) is one of the sector losers in price. Its shares are trading at $38.07, down $1.20 (-2.8%) from the previous close of $39.17. AmerisourceBergen Corporation is a pharmaceutical services company providing drug distribution and related healthcare services to pharmacy, physician, and manufacturer customers based in North America.

Stock Price Performance: From July 19, 2011, to September 14, 2011, the stock price had fallen $2.56 (-6.1%) from $41.73 to $39.17. The stock price saw one of its best stretches over the last year between December 13, 2010 and December 23, 2010 when shares rose for nine straight trading days, rising 9.5% (+$2.95). It saw one of its worst periods between July 22, 2011 and August 1, 2011 when shares fell for seven straight trading days, falling 6.9% (-$2.78).

Shares of Quest Diagnostics Incorporated (NYSE:DGX) are trading at $47.81, down $1.67 (-3.1%) from the previous close of $49.35. Quest Diagnostics, Inc. provides diagnostic testing, information and services to patients, physicians and others.

Stock Price Performance: From June 17, 2011, to September 13, 2011, the stock price had fallen $11.02 (-18.2%) from $60.46 to $49.44. The stock price saw one of its best stretches over the last year between December 13, 2010 and December 22, 2010 when shares rose for eight straight trading days, rising 7.1% (+$3.58). It saw one of its worst periods between August 15, 2011 and August 22, 2011 when shares fell for six straight trading days, falling 6% (-$2.93).

Patterson Companies Inc. (NASDAQ:PDCO) stocks are trading at $27.55. This is 43 cents (-1.4%) below the previous close of $27.93, making the company one of the biggest price losers in the sector today. Patterson Companies distributes dental, companion-pet veterinarian and rehabilitation supplies.

Stock Price Performance: From July 19, 2011, to September 14, 2011, the stock price had fallen $4.38 (-13.6%) from $32.31 to $27.93. The stock price saw one of its best stretches over the last year between March 25, 2011 and April 7, 2011 when shares rose for 10 straight trading days, rising 6.1% (+$1.92). It saw one of its worst periods between May 19, 2011 and June 8, 2011 when shares fell for 14 straight trading days, falling 13.8% (-$5.06).