Fresenius Medical Care depreciates 2.59% with $21.59 as the low of the day

A quick look at yesterday: the US-German healthcare company dropped 2.59% early on and traded close to the $21.8 level.

United States Initial Jobless Claims fell short of the 240,000 projections, with new data of 245,000.

Meanwhile, United States Existing Home Sales (Mar) came out at 4.44 million, while a consensus of analysts was expecting 4.5 million. United States Philadelphia Fed Manufacturing Index (Apr) released yesterday at 12:30 UTC with a figure of -31.3, while the previous figure was -23.2.

Chart analysis suggests although Fresenius Medical Care AG & Co. KGaA is pointing down today (was as low as $21.59), it's climbing away from the $21.39 support line and is now 41 cents above it.

Fresenius Medical Care was not the only decliner in the health care sector; Thermo Fisher Scientific went down to $565.93, losing 2.41% after it closed at $579.92 yesterday. Abbott Laboratories went down 1.73%, closed at $112.29. Medtronic went down 1.63%, closed at $84.87.

This year has been a bright one for the kidney dialysis specialist after trading as low as $12.81 and going on to appreciate by 34.09% year to date.