Healthcare Stocks Falling on Wall Street This Morning

Through the early part of trading on Tuesday, September 6, 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) is among the price losers in the sector. Its shares are trading at $27.31, which is 96 cents (-3.4%) below the previous close of $28.28. 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 8, 2011, to September 2, 2011, the stock price had fallen $3.53 (-11.1%) from $31.81 to $28.28. 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).

Pharmaceutical Product Development, Inc. (NASDAQ:PPDI) is one of the sector losers in price. Its shares are trading at $29.64, down $1.52 (-4.9%) from the previous close of $31.15. 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 5, 2011, to September 2, 2011, the stock price had risen $4.62 (17.4%) from $26.53 to $31.15. 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).

The Cooper Companies Inc. (NYSE:COO) is among the price losers in the sector as its stock price is $70.03, down $2.80 (-3.8%) from the previous close of $72.77. 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 8, 2011, to September 2, 2011, the stock price had fallen $8.55 (-10.5%) from $81.32 to $72.77. 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).

Patterson Companies Inc. (NASDAQ:PDCO) is one of the sector losers in price. Its shares are trading at $27.27, down 85 cents (-3%) from the previous close of $28.12. Patterson Companies distributes dental, companion-pet veterinarian and rehabilitation supplies.

Stock Price Performance: From July 8, 2011, to September 2, 2011, the stock price had fallen $5.43 (-16.2%) from $33.55 to $28.12. 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).

Shares of PerkinElmer, Inc. (NYSE:PKI) are trading at $20.77, down 91 cents (-4%) from the previous close of $21.63. PerkinElmer, Inc. provides technology, services and solutions to the environmental monitoring, diagnostics, academic research and safety security markets.

Stock Price Performance: From July 8, 2011, to September 2, 2011, the stock price had fallen $5.56 (-20.4%) from $27.19 to $21.63. 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).

More from The Cheat Sheet