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Benzinga
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Top 4 Health Care Stocks You May Want To Dump In Q1

1. Four health care stocks show overbought signals via RSI indicators. 2. BridgeBio Pharma saw a 28% surge post FDA approval, RSI at 71.6. 3. Intuitive Surgical reported strong fourth-quarter results, RSI at 72.6. 4. Boston Scientific's acquisition of Bolt Medical led to 11% stock gain, RSI at 75.3. 5. Intra-Cellular Therapies stock jumped 51% on acquisition news, RSI at 85.6.

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FAQ

Why Neutral?

Current overbought signals may indicate a potential pullback. Historical examples show RSI often predicts short-term corrections.

How important is it?

Healthcare sector momentum can impact S&P 500 due to its weight. Accelerated volatility in key stocks suggests possible broad implications.

Why Short Term?

Short-term momentum indicators like RSI reflect impending corrections. Recent examples show such patterns lead to quick market reactions.

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