Gentiva Bucks the Selling Pressure with 3-Day Advance

Arthur Hill
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com



The healthcare sector is one of the strongest sectors in the market, but Gentiva (GTIV) has lagged and failed to keep pace. Even though the stock is in a medium-term downtrend, this decline could be a correction. Notice how the decline formed a falling wedge and retraced 62%. Also notice how the stock firmed after the sharp decline in early November and bucked market selling pressure the last three days. Key resistance is set at 12 and a breakout here would reverse the falling wedge.

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Arthur Hill
About The Author:

Arthur is the Chief Technical Strategist at TrendInvestorPro. Focused primarily on US equities and ETFs, his systematic approach of identifying trend, finding signals within and setting key price levels has made him an industry-leading technician. Learn More 

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