Pfizer and Stryker Lead Healthcare Stocks with Big Declines: PFE, SYK, DGX, XRAY, PDCO

Through most of the trading day on Friday, September 30, 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.

Pfizer Inc. (NYSE:PFE) is one of the sector losers in price. Its shares are trading at $17.92, down 4 cents (-0.3%) from the previous close of $17.98. Pfizer is a global pharmaceutical company which develops and manufactures prescription medications for humans and animals.

Stock Price Performance: From July 6, 2011, to September 29, 2011, the stock price had fallen $2.57 (-12.5%) from $20.55 to $17.98. The stock price saw one of its best stretches over the last year between April 21, 2011 and May 2, 2011 when shares rose for seven straight trading days, rising 6.2% (+$1.21). It saw one of its worst periods between July 6, 2011 and July 18, 2011 when shares fell for nine straight trading days, falling 5.5% (-$1.13).

Shares of Stryker Corporation (NYSE:SYK) are trading at $48.12, down 0 cents (-0.2%) from the previous close of $48.22. Stryker is a medical technology firm, which produces a range of products in medical implants, surgical technologies and emergency medical equipment.

Stock Price Performance: From July 6, 2011, to September 29, 2011, the stock price had fallen $11.41 (-19.1%) from $59.63 to $48.22. The stock price saw one of its best stretches over the last year between May 6, 2011 and May 18, 2011 when shares rose for nine straight trading days, rising 7.2% (+$4.28). It saw one of its worst periods between September 15, 2011 and September 23, 2011 when shares fell for seven straight trading days, falling 7% (-$3.44).

Quest Diagnostics Incorporated (NYSE:DGX) is among the price losers in the sector. Its shares are trading at $50.55, which is 5 cents (-0.3%) below the previous close of $50.71. Quest Diagnostics provides diagnostic testing, information, and services to patients, physicians, and others.

Stock Price Performance: From July 6, 2011, to September 29, 2011, the stock price had fallen $9.48 (-15.8%) from $60.19 to $50.71. The stock price saw one of its best stretches over the last year between December 13, 2010 and December 22, 2010 when shares rose for eight straight trading days, rising 7.1% (+$3.58). It saw one of its worst periods between August 15, 2011 and August 22, 2011 when shares fell for six straight trading days, falling 6% (-$2.93).

DENTSPLY International Inc. (NASDAQ:XRAY) is one of the sector losers in price. Its shares are trading at $31.17, down 23 cents (-0.9%) from the previous close of $31.45. DENTSPLY International manufactures and distributes dental equipment and products, including artificial teeth and dental consumable products.

Stock Price Performance: From July 6, 2011, to September 29, 2011, the stock price had fallen $7.34 (-18.9%) from $38.79 to $31.45. The stock price saw one of its best stretches over the last year between June 27, 2011 and July 8, 2011 when shares rose for nine straight trading days, rising 5.6% (+$2.07). It saw one of its worst periods between May 31, 2011 and June 8, 2011 when shares fell for seven straight trading days, falling 5.6% (-$2.21).

Patterson Companies Inc. (NASDAQ:PDCO) stocks are trading at $29.12. This is 8 cents (-0.3%) below the previous close of $29.21, making the company one of the biggest price losers in the sector today. Patterson Companies distributes dental, companion-pet veterinarian, and rehabilitation supplies.

Stock Price Performance: From July 6, 2011, to September 29, 2011, the stock price had fallen $4.50 (-13.3%) from $33.71 to $29.21. 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).

 

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