The healthcare group continues its ascent northward as the XLV is either the first or second best performing major S&P sector on a one, three and six month timeframe. The space has lots of layers, whether its biotech, pharma, healthcare providers or the medical equipment and supply names. Today we take a look at a name in the equipment space which is closing in on a potential new all time high. We did highlight this stock in our Thursday 8/10 Game Plan, chart just below, and a recent gap fill post.  The leader has plenty of company, which is always a good sign as you do not want your name doing all the heavy lifting on its own. Agilent is trading firmly, OSUR and is up 150% YTD, ABMD, PODD and BSX are just a few of the others pulling their weight. Lets take a look at WST here.

Stocks that can be bought as they fill in gaps are WSTWST is a healthcare play higher by 2% YTD and 6% over last one year period and sports a small dividend yield of .6%. Earnings have been mixed with gains of 10.3 and 2.6% on 4/27 and 10/27 and losses of .4 and 5.6% on 7/27 and 2/16. The stock is lower 7 of the last 9 weeks and now 14% off most recent 52 week highs, and notice how the round numbers came into play with par resistance on 6/5 and 80 support on 7/27. WST is holding near 200 day SMA and Tuesday recorded both doji and bullish harami cross and today recorded a hammer to CLOSE above the 200 day. Look to enter near gap fill from 4/26 session at 85.

Trigger WST 85.  Stop 82.75.

Taking a current view of the name it is now higher by 13% YTD and 20% over the last one year period. The stock has gained 10 of the last 13 days and is on a current 5 week winning streak higher by nearly 13% in the process. Notice on 6/5 it came within 9 pennies of the very round par figure before backing off and not surprisingly it came within two pennies of the round 80 number on 7/27 and whether that was a bad print or not it is funny how influential the round numbers can be. WST seems now to have a magnetic pull toward 100 and look to enter with a buy stop above a cup base trigger of 100.01, and a breakout would achieve a new all time high.

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The healthcare group continues its ascent northward as the XLV is either the first or second best performing major S&P sector on a one, three and six month timeframe. The space has lots of layers, whether its biotech, pharma, healthcare providers or the medical equipment and supply names. Today we take a look at a name in the equipment space which is closing in on a potential new all time high. We did highlight this stock in our Thursday 8/10 Game Plan, chart just below, and a recent gap fill post.  The leader has plenty of company, which is always a good sign as you do not want your name doing all the heavy lifting on its own. Agilent is trading firmly, OSUR and is up 150% YTD, ABMD, PODD and BSX are just a few of the others pulling their weight. Lets take a look at WST here.

Stocks that can be bought as they fill in gaps are WSTWST is a healthcare play higher by 2% YTD and 6% over last one year period and sports a small dividend yield of .6%. Earnings have been mixed with gains of 10.3 and 2.6% on 4/27 and 10/27 and losses of .4 and 5.6% on 7/27 and 2/16. The stock is lower 7 of the last 9 weeks and now 14% off most recent 52 week highs, and notice how the round numbers came into play with par resistance on 6/5 and 80 support on 7/27. WST is holding near 200 day SMA and Tuesday recorded both doji and bullish harami cross and today recorded a hammer to CLOSE above the 200 day. Look to enter near gap fill from 4/26 session at 85.

Trigger WST 85.  Stop 82.75.

Taking a current view of the name it is now higher by 13% YTD and 20% over the last one year period. The stock has gained 10 of the last 13 days and is on a current 5 week winning streak higher by nearly 13% in the process. Notice on 6/5 it came within 9 pennies of the very round par figure before backing off and not surprisingly it came within two pennies of the round 80 number on 7/27 and whether that was a bad print or not it is funny how influential the round numbers can be. WST seems now to have a magnetic pull toward 100 and look to enter with a buy stop above a cup base trigger of 100.01, and a breakout would achieve a new all time high.

If you like what you read why not take a 2 week FREE trial at www.chartsmarter.com.