AMN: Healthcare Back In Vogue ?
Updated
AMN has consolidated since Sep 2015 as the high flying techs and high beta stocks were running out of the gates.
The market risk has evaluated since then and defensive sectors like healthcare should be slowly inching its way back into vogue.
Look for an entry at current levels with SL at recent key support @ $34.71.
A break below key support implies that the triangle (Wave e) still has some room to go before completion.
The market risk has evaluated since then and defensive sectors like healthcare should be slowly inching its way back into vogue.
Look for an entry at current levels with SL at recent key support @ $34.71.
A break below key support implies that the triangle (Wave e) still has some room to go before completion.
Note
Consolidation appears complete. Trade at your own time and target.
Happy Trading.
Trade closed: target reached
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