Oppenheimer: 3 Healthcare Stocks And 2 Energy Stocks To Buy Now

Loading...
Loading...
Oppenheimer recently released a report focused on identifying stocks with technical buy indicators in their charts. After analyzing the healthcare and energy sectors, Oppenheimer chose five stocks to highlight as technical buys. Amgen Inc
AMGN
After a brief pullback to previous resistance levels, analysts see a continuation of Amgen's breakout on a chart versus the S&P 500 above a level that had previously kept the stock down for more than a decade. UnitedHealth Group Inc
UNH
United also recently broke above 2005 highs versus the S&P 500. The previous high could serve as a support level moving forward. Medtronic Plc
MDT
In late 2014, Medtronic finally broke above a resistance level that it had repeatedly failed to penetrate for over a year on a chart versus the S&P 500. Analysts see room to the upside before the stock finds another potential resistance level. Kinder Morgan Inc
KMI
Analysts see the stock's recent underperformance as a "tactical pullback" and a buying opportunity. The stock seems to have found recent support at the 200-day moving average on its chart versus the S&P 500. Marathon Petroleum Corp
MPC
In early 2015, Marathon broke out of a pennant formation that had been forming in its chart versus the S&P 500 since early 2013. Other names In the healthcare sector, the report also lists Anthem Inc
ANTM
, Humana Inc
HUM
, Boston Scientific Corp
BSX
Loading...
Loading...
and Edwards Lifesciences Corp
EW
as technical buys. In the energy sector, Oppenheimer also recommends EOG Resources Inc
EOG
, Valero Energy Corp
VLO
and Tesoro Corp
TSO
.
Loading...
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorLong IdeasTechnicalsAnalyst RatingsTrading Ideas
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...