Fresenius Medical Care posts record single day jump of $1.05 (+4.82%)

The kidney dialysis specialist closed at $22.85 after it made its largest daily jump of $1.05 (4.82%) since April 2022.

Meanwhile, United States Services PMI released yesterday at 13:45 UTC with a figure of 53.7, while the previous figure was 52.6. Fresh CFTC Crude Oil speculative net positions data from United States came out at 244,600. United States CFTC Gold speculative net positions released yesterday at 20:30 UTC with a figure of 189,900, while the previous figure was 192,700.

Fresenius Medical Care AG & Co. KGaA is 9 cents away from testing key resistance at $22.94. Peaking above this level could inspire market bulls and open the path to further gains. Fresenius Medical Care's upper Bollinger Band® is at $23.44, this is a slight indication of a slowdown.

Examining the technical analysis landscape, Fresenius Medical Care is likely to reverse course and start pointing downward in the short term.

A look at other health care stocks also showed bullish price action as Novo Nordisk traded at $172.65 after closing yesterday's trading day at $165.37 (up 4.4%). Eli Lilly and Company added 2.78% to its value, and traded at $385.24. Medtronic was up 2.68%.

The kidney dialysis specialist has managed to gain 44.75% so far this year despite trading at lows around $12.81 previously.