Fresenius Medical Care closes at $21.83 after gaining 1.39%

Friday at a glance: the US-German healthcare company closed Thursday at $21.53. Friday, it gained 1.39% and remained around $21.83.

Price action remains constrained around the key Fibonacci level of $21.8 currently serving as resistance Support/Resistance levels obtained from chart analysis indicate that Fresenius Medical Care could be slowing down soon as it approaches resistance at $21.89. Of course, crossing it might suggest further gains are ahead.

This rally in Fresenius Medical Care's share price coincided with other health care stocks as AbbVie gained 2.57%, as it traded at $136.87. Novartis was up 1.85%. Johnson & Johnson added 1.57% to its value, and traded at $156.97.

Also worthy of note, United States ISM Non-Manufacturing PMI (May) is scheduled for tomorrow at 14:00 UTC. United States Services PMI is expected tomorrow at 13:45 UTC.

This year has been a bright one for the US-German healthcare company after trading as low as $12.81 and going on to appreciate by 36.18% year to date.