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April 23, 2023
The US-German healthcare company traded at $22.85 Friday, after making its biggest single-day jump of $1.05 (4.82%) since April 2022.
Fresenius Medical Care AG & Co. KGaA's upper Bollinger Band® is at $23.44, this is a slight indication of a slowdown. Fresenius Medical Care could be slowing down soon; it is getting close to the resistance line and is now at $22.94, only 9 cents away. Crossing the resistance line could, however, suggest that further gains are ahead.
Examining the technical analysis landscape, Fresenius Medical Care is likely to reverse course and start pointing downward in the short term.
This rally in Fresenius Medical Care's share price coincided with other health care stocks as Novo Nordisk was up 4.4%. Eli Lilly and Company traded at $385.24 after closing Friday's trading day at $374.81 (up 2.78%). Medtronic added 2.68% to its value, and traded at $85.73.
The kidney dialysis specialist has managed to gain 44.75% so far this year despite trading at lows around $12.81 previously.
