5 Stocks in the Healthcare Sector Investors are Tossing Away This Afternoon

Through most of the trading day on Thursday, September 8, 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.

Luxottica Group S.p.A. (NYSE:LUX) stocks are trading at $28.33. This is 78 cents (-2.6%) below the previous close of $29.09, making the company one of the biggest price losers in the sector today. Luxottica Group S.p.A designs, manufactures and distributes fashion, luxury and sport/performance eyewear. It operates in two industry segments: manufacturing and wholesale distribution; and retail distribution.

Stock Price Performance: From July 11, 2011, to September 6, 2011, the stock price had fallen $2.67 (-8.7%) from $30.52 to $27.85. The stock price saw one of its best stretches over the last year between March 25, 2011 and April 6, 2011 when shares rose for nine straight trading days, rising 4.7% (+$1.46). It saw one of its worst periods between March 9, 2011 and March 16, 2011 when shares fell for six straight trading days, falling 9.5% (-$3.02).

Shares of Quest Diagnostics Incorporated (NYSE:DGX) are trading at $50.33, down 56 cents (-1%) from the previous close of $50.82. Quest Diagnostics, Inc. provides diagnostic testing, information and services to patients, physicians and others.

Stock Price Performance: From July 11, 2011, to September 6, 2011, the stock price had fallen $9.43 (-16.1%) from $58.60 to $49.17. 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).

Universal Health Services Inc. (NYSE:UHS) is one of the sector losers in price. Its shares are trading at $40.08, down 52 cents (-1.2%) from the previous close of $40.57. Universal Health Services, Inc. through its subsidiaries is engaged in the business of owning and operating, acute care hospitals, behavioral health centers, surgical hospitals, ambulatory surgery centers and radiation oncology centers.

Stock Price Performance: From July 11, 2011, to September 6, 2011, the stock price had fallen $14.29 (-27.2%) from $52.61 to $38.32. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 28, 2011 when shares rose for eight straight trading days, rising 18.8% (+$8.64). It saw one of its worst periods between July 26, 2011 and August 8, 2011 when shares fell for 10 straight trading days, falling 29.9% (-$15.70).

Pharmaceutical Product Development, Inc. (NASDAQ:PPDI) is among the price losers in the sector as its stock price is $30.03, down 34 cents (-0.9%) from the previous close of $30.31. Pharmaceutical Product Development, Inc. is a global contract research organization, which provides drug discovery and development services, post-approval expertise and compound partnering programs.

Stock Price Performance: From August 9, 2011, to September 7, 2011, the stock price had risen $4.90 (19.3%) from $25.41 to $30.31. The stock price saw one of its best stretches over the last year between December 7, 2010 and December 16, 2010 when shares rose for eight straight trading days, rising 7.5% (+$1.86). It saw one of its worst periods between March 9, 2011 and March 18, 2011 when shares fell for eight straight trading days, falling 5.5% (-$1.58).

PerkinElmer, Inc. (NYSE:PKI) is among the price losers in the sector. Its shares are trading at $21.41, which is 65 cents (-2.9%) below the previous close of $22.05. PerkinElmer, Inc. provides technology, services and solutions to the environmental monitoring, diagnostics, academic research and safety security markets.

Stock Price Performance: From July 11, 2011, to September 6, 2011, the stock price had fallen $5.10 (-19.3%) from $26.46 to $21.36. It saw one of its worst periods between August 15, 2011 and August 22, 2011 when shares fell for six straight trading days, falling 8.6% (-$1.95). The stock price saw one of its best stretches over the last year between December 6, 2010 and December 14, 2010 when shares rose for seven straight trading days, rising 5.2% (+$1.25).

 

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