IShares Dow Jones US Healthcare Providers Index (IHF) : Short Sell @ $6602

Trading Central
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DROP IN SIGHT

From a technical view, the ETF has broken below a key rising trend line which has been in place since October 2011.



Regarding technical indicators, the weekly RSI has pushed below its bullish trend line while the weekly MACD is pushing below its signal line providing another argument for a drop in coming weeks.



On a relative basis against the IVV S&P500, the iShares Dow Jones U.S. Healthcare Providers Index Fund is close to a strong resistance area and looks set for a consolidation.



Trading strategy:

Short Sell @ $66.02 – Stop loss @ $67.50 – Target @ $61.75

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