Medical names have made a decent recovery as a whole and one would be wise to delve into the group for potential longs. The IBB is up 7 of the last 8 weeks and going into Thursday is up a bit more than 1% on the week. The ETF is building the right side of a cup base and is not surprisingly having issues with the round 250 handle this week. A move above that figure puts a 275.50 pivot point in focus. The PPH is a bit ahead of the IBB and is above the round 60 handle and just below a 60.84 flat base trigger. Notice the bullish action on the weekly chart of that ETF as the last 3 weeks have all closed within 8 pennies of each other. Lets look at a couple of names ChartSmarter has profiled recently.

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