Medical device stocks have formed a 'cup-and-handle' chart pattern. What that means for the group

Health care was the top performing sector by far in November, with the S & P 500 Health Care Sector gaining an impressive 9.1%. The rally appears to be the start of a cyclical uptrend, lending a bullish outlook for 2026. While some health care stocks are overstretched in the short term, we have noticed actionable technical catalysts in medical device stocks. There are recent breakouts to new highs like IDEXX Laboratories (IDXX) and STERIS PLC (STE) , and compelling turnaround opportunities in names like GE Healthcare Technologies Inc. (GEHC) and Medtronic PLC (MDT) . To track a basket of medical device stocks, the iShares U.S. Medical Devices ETF (IHI) is a popular choice. The long-term trend for IHI is neutral, noting that resistance from the 2021 high remains in place. The four-year trad