The healthcare sector is catching so mojo as it was the best performer on a one week and three month basis (on a one and six month timeframe it has been the third best performer of the major S&P sectors). The XLV is higher 8 of the last 10 sessions and is trading right at all time highs. While big names in the biotech group are acting well with CELG now just above a 139.10 cup base trigger and BIIB thrusting through a rough 300 inverse head and shoulders breakout trigger (this week was the first weekly CLOSE above the round 300 number since the week ending 8/24/15 even though 8 weeks since have traded intraweek above 300). Today we chose to look at 4 names in the healthcare arena that we recently profiled, perhaps names under followed that we feel still have room to run.

In our Monday 8/21 Game Plan we looked at both CLVS and ALNY. Here is how they were profiled. Stocks that can be bought after recent bullish engulfing candles are CLVS. CLVS is a healthcare name higher by 62% YTD and 327% over last one year period. Earnings momentum has been headed the wrong way with three consecutive negative reactions dropping 5.1, 3.6 and 3.7% on 8/3, 5/4 and 2/23 after a loss of 4.6% on 11/4. The stock rose just 1.4 this week after the prior 2 slumped by a combined 30%, not the best showing. The round numbers have played a role with the very round par number acting as resistance on 7/28 and now it seems to be finding a floor at the 70 figure and todays bullish engulfing candle was encouraging especially after Thursday spinning top candle too. Enter CLVS at 71 (we were WRONG about this name recently in 7/6 report).

Trigger CLVS 71.  Stop 69.35.

Update: Now higher by 10% from initial recommendation and one can look to add to through to day SMA at 83 with a cup base pattern taking shape which can be added to above 99.55.

Stocks that can be bought as they take out bullish WEEKLY flags are ALNY. ALNY is a healthcare play higher by 117% YTD and 10% over last one year period. Earnings have been mixed with gains of .4 and 10.7% on 5/5 and 2/9 and losses of 5.7 and 12.6% on 8/10 and 11/3. The stock is higher 4 of the last 8 weeks with good relative strength this week up 4.1% and is most likely digesting prior 8 of 9 week winning streak ending between 4/28-6/23 which rose nearly 80%. A bull flag is forming on its weekly rising 200 day SMA and this week recorded bullish harami and notice the flag is also finding support at prior resistance at round 80 number which was problematic the weeks ending 1/29, 8/12 and 9/23/16. Enter ALNY with buy stop above 83.50 which carries a measured move to 116.

Trigger ALNY 83.50.  Stop 79.

Update: Now up 6% since recommendation.

In our Wednesday 8/30 Game Plan we looked at both OSUR and BSX. Here is how they were profiled. Stocks that can be bought as they take out bull flag formations are OSUR. OSUR is a healthcare play higher by 128% YTD and 155% over last one year period. Earnings momentum is powerful with three consecutive double digit gains advancing 16.7, 18.4 and 18.5% on 8/3, 5/4 and 2/9 after an UNCH finish on 11/3. The stock is higher 3 of the last 4 weeks digesting the big weekly jump of 15.9% ending 8/4, but to be balanced the last 3 have all CLOSED in the lower half of the weekly range (the last 4 have all finished above very round 20 figure though too). OSUR has formed a bull flag formation with just one daily CLOSE below 20 on 8/17 and enter with a buy stop above 20.75 which carries a measured move to 25.

Trigger OSUR 20.75.  Stop 19.

Update: This is a name that just broke above the bull flag and notice how well the very round 20 number was defended for the last month.

Stocks that can be bought as they take out their 50 day SMAs and added to above future valid base triggers are BSX ORCL. BSX is a healthcare play higher by 25% YTD and 13% over the last one year period. Earnings have been mixed with gains of .8 and 4.8% on 4/27 and 2/2 and losses of 1.3 and 1.6% on 7/27 and 10/26. The stock is lower 7 of the last 9 weeks but the damage has been subdued as it rests just 5% from most recent 52 week highs. It also retested the 25.75 cup base trigger which was taken out on 4/26 on 5/18 and earlier this month. Enter BSX with a buy stop above its 50 day SMA at 27.35 and add to through a double bottom trigger of 28.16.

Trigger BSX 27.35.  Stop 26.60.

Update: This name also just moved above its trigger, which was its 50 day SMA, and this weeks move of 2.9% in line with the XLV negated a potential bearish head and shoulders formation.

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The healthcare sector is catching so mojo as it was the best performer on a one week and three month basis (on a one and six month timeframe it has been the third best performer of the major S&P sectors). The XLV is higher 8 of the last 10 sessions and is trading right at all time highs. While big names in the biotech group are acting well with CELG now just above a 139.10 cup base trigger and BIIB thrusting through a rough 300 inverse head and shoulders breakout trigger (this week was the first weekly CLOSE above the round 300 number since the week ending 8/24/15 even though 8 weeks since have traded intraweek above 300). Today we chose to look at 4 names in the healthcare arena that we recently profiled, perhaps names under followed that we feel still have room to run.

In our Monday 8/21 Game Plan we looked at both CLVS and ALNY. Here is how they were profiled. Stocks that can be bought after recent bullish engulfing candles are CLVS. CLVS is a healthcare name higher by 62% YTD and 327% over last one year period. Earnings momentum has been headed the wrong way with three consecutive negative reactions dropping 5.1, 3.6 and 3.7% on 8/3, 5/4 and 2/23 after a loss of 4.6% on 11/4. The stock rose just 1.4 this week after the prior 2 slumped by a combined 30%, not the best showing. The round numbers have played a role with the very round par number acting as resistance on 7/28 and now it seems to be finding a floor at the 70 figure and todays bullish engulfing candle was encouraging especially after Thursday spinning top candle too. Enter CLVS at 71 (we were WRONG about this name recently in 7/6 report).

Trigger CLVS 71.  Stop 69.35.

Update: Now higher by 10% from initial recommendation and one can look to add to through to day SMA at 83 with a cup base pattern taking shape which can be added to above 99.55.

Stocks that can be bought as they take out bullish WEEKLY flags are ALNY. ALNY is a healthcare play higher by 117% YTD and 10% over last one year period. Earnings have been mixed with gains of .4 and 10.7% on 5/5 and 2/9 and losses of 5.7 and 12.6% on 8/10 and 11/3. The stock is higher 4 of the last 8 weeks with good relative strength this week up 4.1% and is most likely digesting prior 8 of 9 week winning streak ending between 4/28-6/23 which rose nearly 80%. A bull flag is forming on its weekly rising 200 day SMA and this week recorded bullish harami and notice the flag is also finding support at prior resistance at round 80 number which was problematic the weeks ending 1/29, 8/12 and 9/23/16. Enter ALNY with buy stop above 83.50 which carries a measured move to 116.

Trigger ALNY 83.50.  Stop 79.

Update: Now up 6% since recommendation.

In our Wednesday 8/30 Game Plan we looked at both OSUR and BSX. Here is how they were profiled. Stocks that can be bought as they take out bull flag formations are OSUR. OSUR is a healthcare play higher by 128% YTD and 155% over last one year period. Earnings momentum is powerful with three consecutive double digit gains advancing 16.7, 18.4 and 18.5% on 8/3, 5/4 and 2/9 after an UNCH finish on 11/3. The stock is higher 3 of the last 4 weeks digesting the big weekly jump of 15.9% ending 8/4, but to be balanced the last 3 have all CLOSED in the lower half of the weekly range (the last 4 have all finished above very round 20 figure though too). OSUR has formed a bull flag formation with just one daily CLOSE below 20 on 8/17 and enter with a buy stop above 20.75 which carries a measured move to 25.

Trigger OSUR 20.75.  Stop 19.

Update: This is a name that just broke above the bull flag and notice how well the very round 20 number was defended for the last month.

Stocks that can be bought as they take out their 50 day SMAs and added to above future valid base triggers are BSX ORCL. BSX is a healthcare play higher by 25% YTD and 13% over the last one year period. Earnings have been mixed with gains of .8 and 4.8% on 4/27 and 2/2 and losses of 1.3 and 1.6% on 7/27 and 10/26. The stock is lower 7 of the last 9 weeks but the damage has been subdued as it rests just 5% from most recent 52 week highs. It also retested the 25.75 cup base trigger which was taken out on 4/26 on 5/18 and earlier this month. Enter BSX with a buy stop above its 50 day SMA at 27.35 and add to through a double bottom trigger of 28.16.

Trigger BSX 27.35.  Stop 26.60.

Update: This name also just moved above its trigger, which was its 50 day SMA, and this weeks move of 2.9% in line with the XLV negated a potential bearish head and shoulders formation.

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