3 Undervalued, Oversold Healthcare Companies Ready to Ride Sector's Uptrend Higher

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Mckesson Corporation Nyheter

Humana Inc,Haemonetics Corporation,The Health Care Select Sector SPDR® Fund

Stocks Analysis by Damian Nowiszewski covering: McKesson Corporation, Humana Inc, Haemonetics Corporation, The Health Care Select Sector SPDR® Fund. Read Damian Nowiszewski's latest article on Investing.com

The healthcare sector could present hidden undervalued opportunities.Below, we'll take a look a three such stocks primed for the biggest upside.) is often considered a defensive market; however, its diversity in services and products makes it less homogeneous compared to sectors like finance or public services.

However, this remains highly uncertain, especially after the recent presidential debate, which lacked specific details regarding health policy.From a technical standpoint, in addition to the oversold condition, attention should be drawn to the critical support level at $300. This is where this year's lows are forming, which could again become a turning point for buyers.

A potential level to watch is the currently tested support of $465, where we see demand reactions, or slightly lower at the frequently tested level of $440.

 

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