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DJ US Pharm ETF -- IHE -- Looks Promising

|Includes:iShares U.S. Pharmaceuticals ETF (IHE)

This morning I used Barchart to screen the ETF's for the ones hitting the most frequent new highs and the DJ US Pharmaceutical ETF (IHE) was right near the top of the list:

 

Barchart technical indicators:
  • 96% Barchart technical buy signal
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 17 new highs and up 7.27% in the last month
  • Relative strength Index 62.54%
  • Barchart computes a technical support level at 75.15
  • Recently traded at 76.14 with a 50 day moving average of 71.92


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Stocks: IHE