The healthcare group has been quietly under accumulation as the sector is the best performing group over the last one month period. The XLV is higher by 5.5% during that time frame, edging out the industrial and technology groups which advanced 5.3 and 5%. That type of diverse inclusion has given bulls more confidence that this recent rally has staying power. Below is how we looked at LGND in our Wednesday 7/6 Game Plan. It is now well above the 125 double bottom pivot.
Double bottom trigger LGND 125. Stop 120.20.