Sneak Peak On The Health Care Stocks For Christmas, Which Is The Best Buy?

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Dec 21, 2016 01:59 AM EST

The stock market might try to make it big this Christmas, sadly not everyone is participating in this. However, there is only one such sector that is trying to be part of the Grinch in this month. Now, this sector is none other than the health sector.

Interestingly, right after the Trump thing happened in the US, at least 42 out of the 60 health stocks, which made up for the S&P 500 Healthcare Index fell down to an all time low. This low performance within the healthcare sector took everyone by surprise.

There are about five best healthcare stocks like gsk shares which are showing improvement this year and what most people can buy this Christmas. Here are the top five stocks which are indicating good potential.

Quintiles IMS Holdings is the first to appear in this list. Quintiles has proved to be a good provider all through the year and there's no reason as why one shouldn't go for it. As the charts show till date, shareholders can expect another high this Christmas.

The next is list comes ICU Medical, which again shows a similar pattern like that of Quintiles. Till now, it enjoyed a gradual 31% increase in its share and things are looking brighter at this time of the year. What's important here is that it shows a  resistance level of $155. This clearly states there has been a high supply of shares. Due to this the sellers were more keen to step in than the buyers. Shareholders just need to wait till the level goes above $155 to buy it.

Mettler Toledo International isn't far behind in the race of showing an increase. Right from June the company has been showing to have an upper hand. Till now, MTD remains a popular choice for most shareholders. But before buying, the shareholders need to wait for a bounce in the trend line.

Edwards Lifesciences is also ready to woo the shareholders and stock buyers with its 16% gain in share. Edwards had earlier spent a lot of time to stabilize itself, in the last couple of months. The best time to buy the share would be when it goes beyond the level of $92.50.

Novartis is the final one in the list and it looks "bottomy" this year. This one too shows an inverse head and shoulder pattern that triggers a buy above $74. Lastly, it is advisable that all buyers keep a close eye on these healthcare stocks before buying.

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