Fresenius Medical Care closes at $23.25 after gaining 1.31%

A quick look at yesterday: the US-German healthcare company topped out at $23.52 having ended yesterday at $23.25. However, despite early momentum, the stock gave up its gains to now trade at $23.25.

United States Initial Jobless Claims is next today at 12:30 UTC.

Fresenius Medical Care's uptick comes amid good United States macroeconomic data released during the day — United States Crude Oil Inventories beat the 1.48 million projections, with 7.92 million.

On the flip side, highly important Producer Price Index data from United States beat analyst expectations of -0.1% with a reading of -0.3%.

At the same time, United States Interest Rate released yesterday at 18:00 UTC with a figure of 5.25, while the previous figure was 5.25.

Although Fresenius Medical Care AG & Co. KGaA is appreciating today after rising as high as $23.52, price action is now slowing and consolidating around 41 cents below the $23.66 resistance level. Fresenius Medical Care's upper Bollinger Band® is at $23.76, this is a slight indication of a slowdown.

After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest Fresenius Medical Care is set for a reversal in the coming days.

This rally in Fresenius Medical Care's share price coincided with other health care stocks as Stryker gained 4.2%, as it traded at $293.57.

While Fresenius Medical Care was bullish yesterday, the following health care stocks underperformed: UnitedHealth plunges 6.4% yesterday to close at $491.31. Pfizer lost 2.28% yesterday and closed at $39.36.

Furthermore, the market is looking at today at 12:30 UTC data for United States Retail Sales will be released, with an expected decline to -0.1% from the preceding figure of 0.4%. United States Core Retail Sales projected to decline to 0.1% while previous data was 0.4%; data will be released today at 12:30 UTC.

Also worthy of note, United States Philadelphia Fed Manufacturing Index (Jun) scheduled to come out today at 12:30 UTC.

The kidney dialysis specialist has managed to gain 45.16% so far this year despite trading at lows around $12.81 previously.