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Weakness in the Drug Industry
By: InVivo Analytics   Friday, June 20, 2008 6:29 PM

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We recently wrote about weakness in the major drugs industry. On Wednesday, another healthcare-related industry — insurance, accident and health — saw downside pressure after Coventry Health Care Inc (CVH) made a surprise announcement that it was lowering its guidance 46% for the second quarter.

Trading Ideas for Thursday featured a couple of insurance companies in losers list. Let’s look at six companies that are involved in the industry that are members of Health Care SPDR (XLV).

Aetna Inc. (AET)

  • Aetna expects 2008 operating earnings of $4 a share
    Aetna (AET) on Thursday said it expects 2008 operating earnings of $4 a share and second-quarter operating earnings of 93 cents a share. Wall Street analysts are forecasting earnings of $3.96 a share for 2008 and 94 cents a share for the second quarter, on average


Daily bar chart with 50- and 200-day moving averages


Daily bar chart with Swing Line applied


Daily bar chart with InVivo.RMI.Stops and InVivo.RMI.Histogram applied

Coventry Health Care, Inc. (CVH)


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The above story is the opinion of the author only and it does not reflect iStockAnalyst opinion. Further, the author is not personally advising you regarding the suitability of the story for your investment needs. In no event iStockAnalyst will be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from or arising out of, or in connection with the use of this information. Please consult your investment advisor before making any investment decision.
  
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