Yesterday at a glance: pronounced bullish sentiment in the market helped the US-German healthcare company to make a notable 1.6% gain yesterday, rising 35 cents and ultimately closing at $22.27.
Meanwhile, United States API Weekly Crude Oil Stock released yesterday at 20:30 UTC with a figure of -1.71 million, while the previous figure was 5.20 million.
A study of Fresenius Medical Care's chart reveals various key levels to watch: Fresenius Medical Care AG & Co. KGaA could be slowing down soon as it approaches resistance at $22.34. Of course, crossing it might suggest further gains are ahead.
A look at other health care stocks also showed bullish price action as Novo Nordisk was up 1.84%.
While Fresenius Medical Care was bullish yesterday, the following health care stocks underperformed: Merck drops 2.74% yesterday to close at $113.11. UnitedHealth closed at $487.57 (down 2.13%).
Also worthy of note, United States Crude Oil Inventories projected to decline to 1.15 million while previous data was 4.49 million; data will be released today at 14:30 UTC. Tomorrow at 12:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 238,000 from the preceding figure of 232,000.
The US-German healthcare company has gained 39.09% since its lowest print of $12.81 earlier this year.