As we wait to determine if the recent moves in the staples and utilities groups are for real, perhaps one can come to the conclusion that healthcare has proved itself in that regard. On a one month basis it is the second best performing S&P sector and on a 3 month time frame it is the best, with the only double digit move with the XLV up 11.2%. Below is an under followed pharma name and precisely how it was presented in our Friday 12/16 Game Plan. We were WRONG and the stop would have been hit, but it is a good example of keeping names on your watchlist.

Stocks that can be bought after first touches of 50 day SMAs after firm breakouts are CORT. CORT is a healthcare play higher by 71% YTD and 79% over last one year period. Earnings have been mostly higher with gains of 8.5, 5.8 and 11.3% on 11/2, 8/3 and 1/29 and a drop of 1.7% on 5/4. The stock rose 37% the two weeks ending 11/4-11 and the next 3 weeks gave back half of that juicy gain dropping 18%. CORT reversed from 13 year highs with bearish reversal at precise round 10 number on 11/14. It fell until a bullish hammer off exact 50 day support on 12/2. That session also retested a 16 month long cup base trigger of 7.77 that began the week ending 6/26/15. Enter on pullback at 8.25.

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