Medtronic, Universal Health Services and 3 Healthcare Stocks Spiking Higher: MDT, LUX, PRGO, UHS, PKI

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.

Medtronic Inc. (NYSE:MDT) is one of the top price gainers. Its stock price is $32.48, which is 14 cents (+0.7%) above the previous close of $32.26. Medtronic provides products and therapies for medical professionals.

Stock Price Performance: From July 11, 2011, to October 4, 2011, the stock price had fallen $4.99 (-13.4%) from $37.13 to $32.14. It saw one of its worst periods between May 18, 2011 and May 25, 2011 when shares fell for six straight trading days, falling 6.9% (-$2.95). The stock price saw one of its best stretches over the last year between March 22, 2011 and March 30, 2011 when shares rose for seven straight trading days, rising 4.7% (+$1.75).

Shares of Luxottica Group S.p.A. (NYSE:LUX) are trading at $26.92, up 100 cents (+3.8%) from the previous close of $25.92. 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 11, 2011, to October 4, 2011, the stock price had fallen $4.98 (-16.3%) from $30.52 to $25.54. 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).

Perrigo Company (NASDAQ:PRGO) is one of the top price gainers. Its stock price is $95.07, which is 56 cents (+0.6%) above the previous close of $94.51. Perrigo is a global healthcare supplier which develops, manufactures, and distributes over-the-counter and generic prescription pharmaceuticals, nutritional products, active pharmaceutical ingredients, and medical diagnostic products.

Stock Price Performance: From August 8, 2011, to October 4, 2011, the stock price had risen $15.70 (20.4%) from $77.13 to $92.83. 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).

Shares of Universal Health Services Inc. (NYSE:UHS) are trading at $32.89, up 81 cents (+2.5%) from the previous close of $32.08. Universal Health Services 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 July 11, 2011, to October 4, 2011, the stock price had fallen $20.02 (-38.1%) from $52.61 to $32.59. 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% (+$8.64). 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% (-$15.70).

PerkinElmer Inc. (NYSE:PKI) is one of the top price gainers. Its stock price is $19.12, which is 6 cents (+0.6%) above the previous close of $19. PerkinElmer provides technology, services, and solutions to the environmental monitoring, diagnostics, academic research, and safety security markets.

Stock Price Performance: From July 11, 2011, to October 4, 2011, the stock price had fallen $7.09 (-26.8%) from $26.46 to $19.37. It saw one of its worst periods between September 14, 2011 and September 22, 2011 when shares fell for seven straight trading days, falling 10.7% (-$2.26). 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).

 

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