This organ transport stock is breaking out. Where it might go, according to the charts

Health care as a sector has been underperforming the broader market since 2023. That may be changing for three distinct reasons I'll cover below. We just added a new position in Telemedics (TMDX) in our growth portfolio that is breaking out on both the monthly and weekly charts. But first, we must examine why the health care sector is breaking out and playing catch up to the broader market. It's optimal to have the broader sector powering your chosen stock ahead. Looking at the weekly chart of health care sector , we see that the XLV price chart (middle pane) is threatening a close above the 2024 high of $158. A close above $158 would confirm a weekly and monthly breakout. The top pane of the pane of the chart is the relative strength ratio of XLV/ S & P 500 ETF (SPY) . This has been decli