Jul. 23 at 4:53 PM
Healthcare is about to roll over—and I think it will surprise a lot of people.
After the strong rally we've seen over the past two months, I expect most of the healthcare sector to enter a corrective phase.
My outlook for 4 key names:
1.
$NVO
Next target: ~
$31
I expect
$NVO to make new lows below its current low of
$35.12. Around that area, I expect the stock to complete its correction and begin a bullish trend reversal.
2.
$HIMS
Next target:
$50+
The only healthcare stock I'm currently bullish on.
As long as we don't see a break below the red line at
$21.53, I remain bullish.
3.
$OSCR
Next target: at least
$21
I expect
$OSCR to decline into a target zone between
$21 and
$15. From there, I expect the long-term bullish trend to resume.
4.
$UNH
Next target:
$211
I expect
$UNH to complete its current upward move soon before falling below its previous low of
$234.37, with a downside target of at least
$211.
