| 
March 11, 2023
Yesterday at a glance: after closing Thursday at $18.93, Fresenius Medical Care closed at $19.54 yesterday after climbing to $19.78 and dropping back down.
Fresenius Medical Care's uptick comes amid good United States macroeconomic data released during the day — data from United States concerning Non Farm Payrolls was released yesterday at 13:30 UTC. Newly published figures emphasized continued decline from last month's figure of 504,000 to 311,000 this month.
Fresenius Medical Care's uptick comes amid disappointing United States macroeconomic data released during the session – Unemployment Rate in United States fell short of market expectations (3.4) with a reading of 3.6, continuing the decline from the previous figure of 3.4.
Meanwhile, United States CFTC Gold speculative net positions released yesterday at 20:30 UTC with a figure of 107,100, while the previous figure was 128,800.
Fresenius Medical Care AG & Co. KGaA made an initial breakout above its 21 day Simple Moving Average at $19.67, a potential indicator of a newly emerging bullish phase. Price action remains constrained around the key Fibonacci level of $19.61 currently serving as resistance On the other hand, note that after reaching the known resistance zone beginning at $19.75, Fresenius Medical Care price action retreated approximately 21 cents.
Overall, looking at the technical analysis landscape, it seems Fresenius Medical Care might continue pointing upwards in the short term.
A look at other health care stocks also showed bullish price action as AbbVie traded at $149.71 after closing yesterday's trading day at $147.35 (up 1.6%).
While Fresenius Medical Care was bullish yesterday, the following health care stocks underperformed: Medtronic lost 1.64% yesterday and closed at $76.72. Thermo Fisher Scientific went down to $543.83, losing 1.7% after it closed at $553.21 yesterday.
The US-German healthcare company has gained 22.13% since its lowest print of $12.81 earlier this year.
