T. Rowe Price Health Sciences (PRHSX)

[xe2dy]

Lets see if Friday's Healthcare Sector Bullish Percent (BP) Bear Signal will be a precursor for a sell in PRHSX and RXL. PRHSX is on the doorstep of starting a column of 'O's but the way it looks now, price would have to drop straight to $50.00 for a BP sell signal! Not likely in my opinion. However the PRHSX daily line chart shows a potential head and shoulders pattern forming with the neckline very near $80.00 If that pattern plays out then there could be a higher Bullish Percent (BP) Bear Signal made in the near future.

The way it looks now, a RXL Bullish Percent (BP) Bear Signal would be generated near $66.00 That also looks like a relatively big drop in price.

We will see soon.

I just added S&P 500 chart which is currently on a Bullish Percent (BP) Bear Signal.