Fresenius Medical Care continues its four-day winning streak; currently up 0.29% to $22.34

As the end of the session approaches, a small gain for the US-German healthcare company at $22.34 after ranging between $22.19 and $22.5 today.

Fresenius Medical Care is currently trading at $22.34 following the release of EIA Short-Term Energy Outlook data from the United States.

At the same time, United States 3-Year Note Auction released today at 17:00 UTC with a figure of 3.81, while the previous figure was 4.635.

Trend analysis indicates that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. Momentum evaluation shows that the Relative Strength Index indicates Fresenius Medical Care is in an overbought condition. Asset volatility analysis shows that Fresenius Medical Care's upper Bollinger Band® is at $22.64, this is a slight indication of a slowdown. As the trading day comes to an end, chart analysis indicates after reaching the known resistance zone beginning at $22.37, Fresenius Medical Care price action retreated approximately 3 cents.

Overall, while Fresenius Medical Care has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

A look at other health care stocks also shows bullish price action as Stryker is up 1.13%. Medtronic is up 1.03%. UnitedHealth is up 0.93%.

Moreover, macro data could boost sentiment further as United States Crude Oil Inventories is projected to outperform its last figure with -1.3 million. It previously stood at -3.74 million; data will be released tomorrow at 14:30 UTC.

Also worthy of note, United States Consumer Price Index is expected tomorrow at 12:30 UTC. United States Core Consumer Prices is expected tomorrow at 12:30 UTC.

The stock has been trending positively for about a month. The US-German healthcare company has managed to gain 38.3% so far this year despite trading at lows around $12.81 previously.