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How are XLV’s Moving Averages Trending?

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XLV’s moving averages

The Health Care Select Sector SPDR ETF’s (XLV) moving averages have hit a downward trend. As of October 1, 2015, only 8.93% of stocks were trading above their 20-day moving average, 5.36% of the stocks were trading above their 50-day moving average, and 7.14% of the stocks were trading above their 100-day moving average. Over the past two weeks, biotechnology stocks’ moving averages have followed a downward trend. As of September 18, 2015, 57.14% of the stocks were trading above their 20-day moving average, 17.86% of the stocks were trading above their 50-day moving average, and 21.43% of the stocks were trading above their 100-day moving average.

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The above graph indicates XLV’s moving average trend since September 18, 2015. Out of 56 stocks in XLV’s portfolio, a total of 32 stocks were trading above their 20-day moving average. Ten stocks were trading above their 50-day moving average, and 12 stocks were trading above their 100-day moving average. As of October 1, 2015, the numbers were five, three, and four stocks for the 20, 50, and 100-day moving averages, respectively.

C. R. Bard and Eli Lilly trade above 100-day moving averages

C. R. Bard (BCR) gained 2.1%. The stock went up on Bard agreeing to acquire full ownership of its joint venture in Japan. According to a press release, C. R. Bard “announced today that it has entered into a definitive agreement to acquire Kobayashi Pharmaceutical Co., Ltd.’s (Kobayashi) 50% ownership share in Medicon, Inc. (Medicon), the Osaka, Japan-based joint venture that the two companies have operated together since 1972, through a share redemption. The transaction is expected to close in early November 2015, after which Medicon will be a wholly-owned subsidiary of the company. The transaction has been approved by each company’s board of directors and is subject to customary closing conditions.” C. R. Bard has a weight of 0.57% in XLV’s portfolio.

Other stocks that are trading above their 100-day moving average are Hospira (HSP), Eli Lilly and Company (LLY), and Edwards Lifesciences (EW).

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