The Health Care sector (XLV) showed little change during trading today while the S&P 500 rose 0.7%.
The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past month. As trading began today, XLV was up 4.4% over the last thirty trading days, and the S&P 500 climbed 1.7%.
Valeant Pharmaceuticals Int (VRX) rose 4.4% to close at $47.02, cross its 50-day moving average of $46.38 and 200-day moving average of $49.27. Mednax (MD) declined 0.4% to close at $66.74, moving below its 50-day moving average of $65.03 and 200-day moving average of $68.26.
Varian Medical Systems (VAR) rose 1.7% to close at $59.03, approaching its 50-day moving average of $59.61. It has also moved closer to its 200-day moving average of $63.70.
Mannatech (MTEX) was a major loser in the sector, falling 11.8% (-79 cents) to close at $5.90 with 9,612 shares moving. The stock traded between $5.64 and $6.53. Share price climbed over the last three months, now up $1.50 (34.1%) from $4.40 on April 19, 2012.
Furiex Pharmaceuticals (FURX) was a major gainer in the sector, rising 5.9% (+$1.17) to close at $21.02 with 39,378 shares moving. The stock traded in a range of $19.57 to $21.26.
Seattle Genetics (SGEN) hit a new 52-week high today, reaching $26.68 to top the previous high of $26.51.