Is the bullish run coming to an end? Fresenius Medical Care closed at $21.46 (-0.37%)

Though in the midst of a 14 day uptrend, gaining a total of 11.08%, ($2.22), Yesterday's session suggests run might be coming to an end — the kidney dialysis specialist has recovered almost all of its session losses after dipping down to $21.22 yesterday.

Amid the market gloom, United States JOLTs Job Openings (Feb) released yesterday at 14:00 UTC with a figure of 9.93 million, while the previous figure was 10.56 million. United States API Weekly Crude Oil Stock came out at -4.35 million, while a consensus of analysts was expecting -1.8 million. United States Factory Orders improved upon its previous reading of -2.1% with a new data release of -0.7%.

Despite being in the red so far in the current trading session, Fresenius Medical Care AG & Co. KGaA peaked above its 3 day Simple Moving Average around $21.3 — typically an early indicator of a new bullish trend beginning to emerge. Fresenius Medical Care could begin to recover as it approaches significant support, now 33 cents away from $21.13. Dipping below could be an indication that further losses are ahead. Despite this, Fresenius Medical Care's upper Bollinger Band® is at $21.83 which indicates a further downward move may follow.

Overall, looking at the technical analysis landscape, although technical indicators are mixed and pointing in different directions, it seems Fresenius Medical Care is set to appreciate despite today's setback.

Fresenius Medical Care was not the only decliner in the health care sector; Pfizer went down to $40.9, losing 1.09% after it closed at $41.35 yesterday.

On the other hand, positive performances could be seen by looking at other health care stocks as Johnson & Johnson added 1.05% to its value, and traded at $158.49.

Moreover, United States Crude Oil Inventories is projected to outperform its last figure with -2.33 million. It previously stood at -7.49 million; data will be released today at 14:30 UTC.

Furthermore, United States ADP Nonfarm Employment Change (Mar) is expected today at 12:15 UTC. United States ISM Non-Manufacturing PMI (Mar) scheduled to come out today at 14:00 UTC.

The stock has been trending positively for about a month. The kidney dialysis specialist has gained 33.05% since its lowest print of $12.81 earlier this year.