Health Care Sector Wrap

Markets FOXBusiness

The Health Care sector (XLV) held steady during a trading day that saw the S&P 500 grow 1.5%.

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The ETF has moved up across its 50-day moving average of $36.81 today. As a proxy for the sector, the ETF tracked closer to the overall market today than over the past month. Entering today's trading, XLV was up 0.8% over the last thirty trading days while the S&P 500 climbed -0.9%.

AVI BioPharma (AVII) was one of the sector's big losers, as its price dropped 13.5% (-14 cents) to close at 90 cents. 2.2 million shares of the stock moved. The stock traded in a range of 90 cents to $1.04. The stock has been going in a negative direction over the last month, dropping 48 cents (-34.8%) from a price of $1.38 on March 16, 2012.

Increasing 12.8% (+$5.12) to close at $45.05, West Pharmaceutical Services (WST) was a major gainer in the sector. Today, 590,571 shares traded hands. The stock traded in a range of $42 to $45.55. Over the last three months, the stock has gained $5.37 (13.5%) from a price of $39.68 on January 19, 2012.

Impax Laboratories (IPXL) rose 5.7% to close at $25.06, cross its 50-day moving average of $23.76 and 200-day moving average of $21.02. Trius Therapeutics (TSRX) declined 2.1% to close at $5.15, moving below its 50-day moving average of $5.11 and 200-day moving average of $5.98.

Edwards Lifesciences (EW) rose 4.3% to close at $71.37, approaching its 50-day moving average of $71.66. It has also moved closer to its 200-day moving average of $72.01. Forward Industries (FORD) fell 8.3% to close at $2.21, moving down to 0.6% above its 200-day moving average of $2.20.

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ChemoCentryx (CCXI) hit a new 52-week high today, reaching $16.89 to top the previous high of $15.51.

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