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June 12, 2023
A quick look at Friday: the US-German healthcare company found support around the $22.86 level, after closing Thursday at $23.25 and dropping by 1.68% Friday.
Fresenius Medical Care AG & Co. KGaA could begin to recover as it approaches significant support, now 15 cents away from $22.71. Dipping below could be an indication that further losses are ahead. Despite being in the red so far in the current trading session, Fresenius Medical Care peaked above its 3 day Simple Moving Average around $22.77 — typically an early indicator of a new bullish trend beginning to emerge.
Overall, looking at the technical analysis landscape, it seems Fresenius Medical Care might start pointing upward in the short term.
On the other hand, positive performances could be seen by looking at other health care stocks as Stryker added 1.4% to its value, and traded at $280.64. Abbott Laboratories gained 0.9%, as it traded at $101.69. Medtronic gained 0.76%, as it traded at $83.73.
Furthermore, United States Consumer Price Index is expected tomorrow at 12:30 UTC. United States Consumer Price Index is expected tomorrow at 12:30 UTC. United States Core Consumer Prices figure is projected at 0.4%. It previously stood at 0.4%; data will be released tomorrow at 12:30 UTC.
Fresenius Medical Care hit a significant low of $12.81 around 8 months ago, but has since recovered 81.5%.
