5 Healthcare Stocks Investors Are Tossing Away August 26th

Through the early part of trading on Friday, August 26, 2011, these stocks were 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.

Merck & Co Inc. (NYSE:MRK) is among the price losers in the sector as its stock price is $31.50, down 22 cents (-1.1%) from the previous close of $31.86. Merck & Co. Inc. is a global research-driven company that develops and manufactures a range of innovative pharmaceutical products to improve human and animal health.

Stock Price Performance: From June 1, 2011, to August 25, 2011, the stock price had fallen $4 (-11.2%) from $35.86 to $31.86. The stock price saw one of its best stretches over the last year between April 21, 2011 and May 4, 2011 when shares rose for nine straight trading days, rising 7.4% (+$2.49). It saw one of its worst periods between July 21, 2011 and August 4, 2011 when shares fell for 11 straight trading days, falling 12.9% (-$4.67).

Shares of Abbott Laboratories (NYSE:ABT) are trading at $49.51, down 23 cents (-0.9%) from the previous close of $49.94. Abbott Laboratories is a pharmaceuticals health care company, whose main line of business is in the discovery, development, manufacture, and sale of a broad range of health care products. Its customers include wholesalers, hospitals and commercial laboratories.

Stock Price Performance: From August 18, 2011, to August 24, 2011, the stock price had risen $2.24 (4.6%) from $48.87 to $51.11. The stock price saw one of its best stretches over the last year between March 25, 2011 and April 4, 2011 when shares rose for seven straight trading days, rising 4.6% (+$2.18). It saw one of its worst periods between July 22, 2011 and August 2, 2011 when shares fell for eight straight trading days, falling 5.2% (-$2.75).

Eli Lilly and Company (NYSE:LLY) is among the price losers in the sector. Its shares are trading at $35.45, which is 37 cents (-1.2%) below the previous close of $35.89. Eli Lilly & Co. develops and manufactures pharmaceutical products as well as animal health products.

Stock Price Performance: From July 28, 2011, to August 25, 2011, the stock price had dropped $1.57 (-4.2%) from $37.46 to $35.89. The stock price saw one of its best stretches over the last year between April 29, 2011 and May 16, 2011 when shares rose for 12 straight trading days, rising 7.1% (+$2.57). It saw one of its worst periods between November 9, 2010 and November 17, 2010 when shares fell for seven straight trading days, falling 2.5% (-85 cents).

Pharmaceutical Product Development, Inc. (NASDAQ:PPDI) is among the price losers in the sector as its stock price is $29.76, down 51 cents (-1.1%) from the previous close of $30.10. 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 June 29, 2011, to August 25, 2011, the stock price had risen $3.52 (13.2%) from $26.58 to $30.10. 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).

Shares of Patterson Companies Inc. (NASDAQ:PDCO) are trading at $26.55, down 39 cents (-1.2%) from the previous close of $26.87. Patterson Companies Inc. distributes dental, companion-pet veterinarian and rehabilitation supplies.

Stock Price Performance: From June 1, 2011, to August 25, 2011, the stock price had fallen $6.85 (-20.3%) from $33.72 to $26.87. 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).

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