The Closing Print live trading and financial blog during market hours.

Defensive sectors and the stocks therein have seen aggressive action over the past few trading days. Consumer staples (XLP), utilities (XLU), and healthcare (XLV) sectors showed exceptional strength, while real estate (XLRE) stocks indicated an interest in inflation protection.


Healthcare providers, pharmaceuticals and biotechnology sectors produced winners like UNH, MRNA, ABBV, JNJ, PFE, CERN, and BMY to start the week.

AbbVie Daily Chart

AbbVie (ABBV) cleared several benchmarks on Monday, after RS line jumped from 77 to 86 in two trading days. 

AbbVie is alittle extended now, so consider taking partial profits as the stocks is elevated above a 117.82 buy point in a first-stage cup with handle. We’ll monitor the stock for a follow-on buying opportunity like a three-weeks tight or pullback to the 10-week line. Day trades will be considered today with the stock flat pre-market.

Bristol Myers Daily Chart

Bristol Myers Squibb (BMY) announced a $0.54 quarterly dividend, a 10.2% increase, payable Feb. 1; for shareholders of record, ex-div Jan. 6.

The stock popped above the 50d moving average on the news.

RSI and MACD are trending higher, indicating bulls are in control. If all goes well, we anticipate Bristil Myers (BMY) could see 52 week highs by early 2022.


Below are some additional stocks worth considering for day trades. All of them showed exceptional stremgth on Monday, with most candidates printing an 80 or higher Relative Strength Rating.

MRNA 271.95 +14.89 +5.79%
BMY 59.14 +2.78 +4.93%
PFE 55.28 +2.50 +4.74%
MKTX 401.97 +16.13 +4.18%
INCY 67.79 +2.39 +3.65%
BDX 252.80 +7.83 +3.20%
CTXS 84.07 +2.56 +3.14%
CERN 76.68 +2.31 +3.11%
BAX 83.31 +2.45 +3.03%
MKC 93.16 +2.65 +2.93%

Join us today in the trading room for our LIVE broadcast during market hours, as we navigate the current environment. Watch, listen, and trade from 9:20 AM to 4:15 PM Monday through Friday.

Happy Trading,


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