The healthcare sector is one of the strongest sectors in the market, but Gentiva (GTIV) has lagged and failed to keep pace. Even though the stock is in a medium-term downtrend, this decline could be a correction. Notice how the decline formed a falling wedge and retraced 62%. Also notice how the stock firmed after the sharp decline in early November and bucked market selling pressure the last three days. Key resistance is set at 12 and a breakout here would reverse the falling wedge.
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