The HealthCare ETF May Soon Run Into A Strong Headwind

healthcare-etfs“Shares of the Health Care Select Sector SPDR (NYSE: XLV) have come a long way since their March 2009 bear market lows at $21.63 a share. But (XLV) will soon run into a strong headwind,” Frank Kollar Reports From Trak.

Kollar Continues “Back on August 15, 2008, Health Care Select ended a strong bear market rally at $33.61 a share. This will mark resistance that must be surpassed by Health Care Select and it is only 5.5% higher than Tuesdays January 12 close at $31.73. Just above this is the all time high for Health Care Select at about $36.80 a share.”

“Health Care Select has two huge tests ahead and the second requires a breakout to new highs. Traders should be watching Health Care Select for any bearish reversal patterns as it approaches these resistance levels. Health Care Select could blast through and keep on going, but it could also reverse and start a long overdue correction,” Kollar Reports.

We have listed some details on The Health Care Select Sector SPDR (NYSE: XLV) ETF:

The investment (XLV) includes companies from the following industries: health care equipment and supplies, health care providers and services, biotechnology and pharmaceuticals. This fund will normally invest at least 95% of its total assets in common stocks that comprise the relevant Select Sector Index. It has also adopted a policy that requires it to provide shareholders with at least 60 days notice prior to any significant material change in a its policy or its underlying index. It is nondiversified.

Full components and weightings list as of 1/12/10.

  Name Symbol Index Weight
2 Pfizer Inc. (PFE) 11.88%
3 Merck & Co. Inc. (MRK) 9.00%
5 Amgen Inc. (AMGN) 4.45%
6 Medtronic Inc. (MDT) 3.95%
7 Bristol-Myers Squibb Co. (BMY) 3.35%
8 Gilead Sciences Inc. (GILD) 3.17%
9 UnitedHealth Group Inc. (UNH) 2.95%
10 Baxter International Inc. (BAX) 2.87%
11 Eli Lilly & Co. (LLY) 2.80%
12 Medco Health Solutions Inc. (MHS) 2.50%
13 WellPoint Inc. (WLP) 2.34%
14 Celgene Corp. (CELG) 2.05%
15 Express Scripts Inc. (ESRX) 2.02%
16 Thermo Fisher Scientific Inc. (TMO) 1.56%
17 Allergan Inc. (AGN) 1.49%
18 Becton Dickinson & Co. (BDX) 1.48%
19 McKesson Corp. (MCK) 1.35%
20 Stryker Corp. (SYK) 1.24%
21 Biogen Idec Inc. (BIIB) 1.24%
22 Genzyme Corp. (GENZ) 1.13%
23 Boston Scientific Corp. (BSX) 1.09%
24 Aetna Inc. (AET) 1.07%
25 Zimmer Holdings Inc. (ZMH) 1.06%
26 St. Jude Medical Inc. (STJ) 1.03%
27 Cardinal Health Inc. (CAH) 0.91%
28 Intuitive Surgical Inc. (ISRG) 0.91%
29 CIGNA Corp. (CI) 0.81%
30 Quest Diagnostics Inc. (DGX) 0.75%
31 Life Technologies Corp. (LIFE) 0.74%
32 Forest Laboratories Inc. (FRX) 0.74%
33 Hospira Inc. (HSP) 0.66%
34 Humana Inc. (HUM) 0.66%
35 C.R. Bard Inc. (BCR) 0.65%
36 AmerisourceBergen Corp. (ABC) 0.62%
37 Laboratory Corp. of America Holdings (LH) 0.61%
38 DaVita Inc. (DVA) 0.49%
39 Varian Medical Systems Inc. (VAR) 0.47%
40 Waters Corp. (WAT) 0.46%
41 Dentsply International Inc. (XRAY) 0.43%
42 Mylan Inc. (MYL) 0.42%
43 Cephalon Inc. (CEPH) 0.37%
44 Millipore Corp. (MIL) 0.36%
45 CareFusion Corp. (CFN) 0.36%
46 Watson Pharmaceuticals Inc. (WPI) 0.35%
47 IMS Health Inc. (RX) 0.32%
48 Coventry Health Care Inc. (CVH) 0.29%
49 King Pharmaceuticals Inc. (KG) 0.27%
50 Patterson Cos. Inc. (PDCO) 0.22%
51 Tenet Healthcare Corp. (THC) 0.21%
52 PerkinElmer Inc. (PKI) 0.19%

Chart for Health Care Select Sector SPDR (XLV)


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