Today’s stock market session was a rollercoaster ride, with software stocks taking a hit and the overall market seeing a down day. However, amidst the chaos, there were still some bright spots to be found. In this blog post, we’ll take a closer look at three stocks that stood out in today’s session: Chub Insurance Company, Intuitive Surgical, and Universal Health Services.
First up, let’s talk about Chub Insurance Company, a new Warren Buffett holding that was recently disclosed. Despite the market turmoil, Chub showed a nice technical setup with a low volume pullback to the 21-day moving average. This stock looks like it’s still in a buy zone and could be a good option for those looking for diversity in their portfolio.
Next, we have Intuitive Surgical, a company known for its Da Vinci robotic surgical system. While the stock tried to break out above the $400 level today, it ended the day near its lows. This stalling action is a bit concerning, but the fundamentals of the company are still strong. It’s definitely a stock to keep an eye on for potential breakout opportunities.
Lastly, we have Universal Health Services, a hospital operator that saw a cup with handle breakout today. This stock has been showing two days of nice gains with decent volume, indicating potential strength in the healthcare sector. With hospitals starting to move after news from UnitedHealth Group about lower Medicaid reimbursements, UHS could be a stock worth watching in the coming days.
Overall, today’s market was a mixed bag with software stocks taking a hit, but there were still opportunities to be found in other sectors. It’s important to stay diversified and keep an eye on different industry groups for potential buying opportunities. As we navigate through this market volatility, it’s crucial to stay informed and adapt to changing trends. Stay tuned for more updates and analysis on IBD Live and be sure to join us for more insights tomorrow.
