Abbott Labs Leads These Healthcare Stocks Higher August 30th

At the close of trading, these stocks helped the Healthcare (NYSE:XLV) sector today. 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.

Abbott Laboratories (NYSE:ABT) was among the sector price gainers, as it closed at $51.74, up 53 cents (+1%) from the previous close of $51.21. 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 July 1, 2011, to August 29, 2011, the stock price had fallen $1.41 (-2.7%) from $52.62 to $51.21. 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).

Perrigo Company (NASDAQ:PRGO) was one of the top price gainers. It closed at $96.19, which is $2.58 (+2.8%) above the previous close of $93.61. Perrigo Company is a global healthcare supplier which develops, manufactures and distributes over-the-counter and generic prescription pharmaceuticals, nutritional products, active pharmaceutical ingredients & pharmaceutical & medical diagnostic products.

Stock Price Performance: From June 3, 2011, to August 29, 2011, the stock price had risen $9.38 (11.1%) from $84.23 to $93.61. The stock price saw one of its best stretches over the last year between April 4, 2011 and April 15, 2011 when shares rose for 10 straight trading days, rising 10.9% (+$8.70). It saw one of its worst periods between April 27, 2011 and May 5, 2011 when shares fell for seven straight trading days, falling 6.3% (-$5.74).

C. R. Bard, Inc. (NYSE:BCR) was among the top price gainers in the sector. Its shares traded at $94.16, up 77 cents (+0.8%) from the previous close of $93.39. C.R. Bard, Inc. designs, manufactures and sells diagnostic, medical, surgical and patient care devices.

Stock Price Performance: From July 1, 2011, to August 29, 2011, the stock price had fallen $18.11 (-16.2%) from $111.50 to $93.39. The stock price saw one of its best stretches over the last year between March 16, 2011 and March 25, 2011 when shares rose for eight straight trading days, rising 3.2% (+$2.99). It saw one of its worst periods between August 15, 2011 and August 22, 2011 when shares fell for six straight trading days, falling 5.8% (-$5.38).

Shares of Universal Health Services Inc. (NYSE:UHS) closed at $41.10, up $1.45 (+3.6%) from the previous close of $39.67. 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 June 2, 2011, to August 26, 2011, the stock price had fallen $17.29 (-31.3%) from $55.19 to $37.90. 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% (+$8.65). 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% (-$15.72).

The Cooper Companies Inc. (NYSE:COO) was among the sector price gainers, as it closed at $75.34, up 98 cents (+1.3%) from the previous close of $74.36. Cooper Companies, Inc. develops, manufactures and markets healthcare products, primarily medical devices through its two business units, CooperVision, Inc. and CooperSurgical, Inc.

Stock Price Performance: From July 1, 2011, to August 29, 2011, the stock price had fallen $5.90 (-7.4%) from $80.26 to $74.36. The stock price saw one of its best stretches over the last year between January 28, 2011 and February 14, 2011 when shares rose for 12 straight trading days, rising 8.9% (+$5.07). It saw one of its worst periods between July 19, 2011 and July 28, 2011 when shares fell for eight straight trading days, falling 5.6% (-$4.57).

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