Wednesday, January 16, 2008

Healthcare Service Group

Defensive investors have taken to the health care sector again. The Stock Trends Picks of the Week reports have been active with U.S. health care stocks over recent weeks. Top among the year-to-date performers are medical supplies stocks - up 5.4%, second only to the YTD performance of gold stocks. Less glamorous suppliers like Healthcare Services Group (NASDAQ:HCSG), a supplier of linen, maintenance and food services to nursing homes and hospitals, is a worthy trend moving stock. HCSG ranks as the longest running bullish stock on the NASDAQ, clocking in 241 weeks as a Stock Trends Bullish stock. It has been trading in a range over the past two quarters, but today's move to $24 could tip investors to a new bullish move. Look for a buy signal if the stock scales its 52-week high, $24.45.
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