Realtive Strength Value MedTech Name Setting up Bull Flag
Steris (STE) shares of the healthcare equipment name are showing relative strength with a defensive market seeing rotations into these value-type stocks. STE has formed a bull flag right near its 200 day EMA and a move above 224 can likely push up to 235 and then 240 where an untested VPOC sits overhead. Similar to its peers like SYK, EW, MDT its likely to see continued relative strength if the broad markets stay sluggish.