St. Jude Medical and Universal Health Services Hitting Healthcare Stocks: STJ, ABC, PDCO, UHS, TECH

Through most of the trading day on Wednesday, September 28, 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.

St. Jude Medical, Inc. (NYSE:STJ) stocks are trading at $37.69. This is $1.11 (-2.8%) below the previous close of $38.76, making the company one of the biggest price losers in the sector today. St. Jude Medical develops, manufactures and distributes cardiovascular medical devices.

Stock Price Performance: From July 1, 2011, to September 27, 2011, the stock price had fallen $9.61 (-19.8%) from $48.58 to $38.97. The stock price saw one of its best stretches over the last year between February 4, 2011 and February 14, 2011 when shares rose for seven straight trading days, rising 13% (+$5.39). It saw one of its worst periods between July 21, 2011 and August 2, 2011 when shares fell for nine straight trading days, falling 11.6% (-$5.73).

Shares of AmerisourceBergen Corporation (NYSE:ABC) are trading at $38.79, down 47 cents (-1%) from the previous close of $39.16. AmerisourceBergen 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 1, 2011, to September 27, 2011, the stock price had fallen $2.83 (-6.7%) from $41.99 to $39.16. 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).

Patterson Companies Inc. (NASDAQ:PDCO) is one of the sector losers in price. Its shares are trading at $29.23, down 57 cents (-1.8%) from the previous close of $29.76. Patterson Companies distributes dental, companion-pet veterinarian, and rehabilitation supplies.

Stock Price Performance: From July 1, 2011, to September 27, 2011, the stock price had fallen $3.89 (-11.6%) from $33.65 to $29.76. 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).

Universal Health Services Inc. (NYSE:UHS) is among the price losers in the sector as its stock price is $35.14, down 95 cents (-2.3%) from the previous close of $35.97. 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 1, 2011, to September 27, 2011, the stock price had fallen $17.45 (-32.7%) from $53.42 to $35.97. 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).

Techne Corporation (NASDAQ:TECH) is among the price losers in the sector. Its shares are trading at $69.58, which is $1.03 (-1.3%) below the previous close of $70.51. TECHNE and subsidiaries are engaged in the development, manufacture and sale of biotechnology products and hematology calibrators and controls.

Stock Price Performance: From June 30, 2011, to September 26, 2011, the stock price had fallen $14.24 (-17.1%) from $83.06 to $68.82. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 29, 2011 when shares rose for nine straight trading days, rising 5.9% (+$4.30). It saw one of its worst periods between July 19, 2011 and August 1, 2011 when shares fell for 10 straight trading days, falling 10.8% (-$8.80).

 

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