Sector moves add tremendous weight to breakouts in choppy market environments. A few weeks ago, I highlighted the relative strength in the healthcare sector and if you have been hiding there, the odds are that you’ve done well. The social and price momentum in the sector have only accelerated since then to a point that some stocks like $PCYC have gone parabolic.
The services sector has also been under the spotlight as of recent. Today, Best Buy($BBY) and Liquidity Services ($LQDT) were the top trending tickers on the StockTwits’ streams.