Cardinal Health and 4 Healthcare Stocks in Demand: CAH, ABC, PRGO, PDCO, MRX

Through early trading on Friday, September 16, 2011, these stocks are helping 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.

Cardinal Health Inc. (NYSE:CAH) is among the sector price gainers, as its shares are trading at $42.52, up $1.14 (+2.8%) from the previous close of $41.38. 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 among the top price gainers in the sector. Its shares are trading at $39.24, up 66 cents (+1.7%) from the previous close of $38.58. 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).

Perrigo Company (NASDAQ:PRGO) is among the sector price gainers, as its shares are trading at $96.02, up $1.44 (+1.5%) from the previous close of $94.58. 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 20, 2011, to September 14, 2011, the stock price had risen $7.90 (9.3%) from $85.09 to $92.99. 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).

Patterson Companies Inc. (NASDAQ:PDCO) is among the top price gainers in the sector. Its shares are trading at $28.08, up 34 cents (+1.2%) from the previous close of $27.74. 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).

Medicis Pharmaceutical Corporation (NYSE:MRX) is among the sector price gainers, as its shares are trading at $38.92, up 40 cents (+1%) from the previous close of $38.52. Medicis Pharmaceutical Corporation focuses on helping patients attain a healthy and youthful appearance and self-image through the development and marketing in the U.S. of products for the treatment of dermatological and aesthetic conditions.

Stock Price Performance: From August 17, 2011, to September 15, 2011, the stock price had risen $1.64 (4.4%) from $36.88 to $38.52. The stock price saw one of its best stretches over the last year between March 31, 2011 and April 7, 2011 when shares rose for six straight trading days, rising 10.6% (+$3.38). It saw one of its worst periods between March 11, 2011 and March 18, 2011 when shares fell for six straight trading days, falling 4% (-$1.25).

 

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