Moving averages of IHF
In this part, we’ll take a look at the different moving averages of the holdings of the iShares US Health Care Providers ETF (IHF). As of November 10, 2015, 69% of IHF’s stocks were trading above their 20-day moving averages, 60% were trading above their 50-day moving averages, and 37% were trading above their 100-day moving averages.
The above graph reflects the different moving averages of IHF’s holdings. As of November 10, 2015, 36 out of 52 stocks are trading above their 20-day moving averages, 31 stocks are trading above their 50-day moving averages, and 19 stocks are trading above their 100-day moving averages.
Express Scripts trades above its 100-day moving average
Express Scripts Holding Company (ESRX) rose a marginal 0.4% on November 10, 2015. ESRX was in the news on November 10 after it announced that it would remove Linden Care Pharmacy from its network upon discovering that the pharmacy was selling medications made by Horizon Pharma (HZNP).
ESRX closed at $88.06 and was trading above its 20-, 50-, and 100-day moving averages. With an RSI (relative strength index) of 56, the stock is neither oversold nor overbought.
ESRX witnessed a high trading volume of ~5.2 million shares against its five-day average trading volume of ~2.8 million shares per day. At present, ESRX’s book value per share of is $24.45. With its current price, the stock is trading at a price-to-book value (PBV) of 3.62x. ESRX has a weight of ~8.2% in IHF’s portfolio.
Other stocks trading above their 100-day moving averages are Healthcare Services Group (HCSG), PAREXEL International (PRXL), and Laboratory Corporation of America Holdings (LH), which gave returns of 1.2%, 0.6%, and 0.85%, respectively.