Drug Stocks Topping the Healthcare Sector Mid-Day: MRK, ABT, LLY, LUX, COO

Through early trading, these stocks are helping 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 sector price gainers, as its shares are trading at $32.31, up 18 cents (+0.5%) from the previous close of $32.14. Merck 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 July 1, 2011, to September 27, 2011, the stock price had fallen $3.04 (-8.6%) from $35.18 to $32.14. 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% (+$2.46). 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% (-$4.61).

Abbott Laboratories (NYSE:ABT) is among the top price gainers in the sector. Its shares are trading at $51.47, up 27 cents (+0.5%) from the previous close of $51.20. 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 September 27, 2011, the stock price had fallen $1.42 (-2.7%) from $52.62 to $51.20. 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 sector price gainers, as its shares are trading at $37.43, up 25 cents (+0.7%) from the previous close of $37.18. Eli Lilly develops and manufactures pharmaceutical products as well as animal health products.

Stock Price Performance: From August 1, 2011, to September 27, 2011, the stock price had fallen 25 cents (-0.7%) from $37.43 to $37.18. 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).

Luxottica Group S.p.A. (NYSE:LUX) is among the top price gainers in the sector. Its shares are trading at $27.58, up 12 cents (+0.4%) from the previous close of $27.46. Luxottica Group 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 1, 2011, to September 27, 2011, the stock price had fallen $4.99 (-15.4%) from $32.45 to $27.46. 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).

The Cooper Companies Inc. (NYSE:COO) is among the sector price gainers, as its shares are trading at $81.31, up 86 cents (+1.1%) from the previous close of $80.45. Cooper Companies develops, manufactures, and markets healthcare products, primarily medical devices through its two business units: CooperVision and CooperSurgical.

Stock Price Performance: From August 29, 2011, to September 27, 2011, the stock price had risen $6.09 (8.2%) from $74.36 to $80.45. 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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