(FHLC) Fidelity MSCI Health Care - Ratings and Ratios

The Fidelity® MSCI Health Care Index ETF (FHLC) is designed to track the performance of the MSCI USA IMI Health Care 25/50 Index, which represents the U.S. healthcare sector. The fund invests at least 80% of its assets in securities from its underlying index, which includes companies across various healthcare subsectors such as pharmaceuticals, biotechnology, and medical devices. While it may hold all the securities in the index, it is not required to do so. As a non-diversified fund, it can have a higher concentration in certain securities compared to diversified funds. With an AUM of $2.489 billion, FHLC is a substantial player in the healthcare ETF space.

From a technical standpoint, FHLC is currently trading at $65.05, slightly above its 20-day SMA of $64.46 but below its 50-day and 200-day SMAs of $67.08 and $69.01, respectively. This indicates short-term momentum is weakening compared to its medium-term trend. The ATR of 1.50 reflects moderate volatility. Over the next three months, if the 20-day SMA continues to fall below the 50-day SMA, it may signal further downside. However, the healthcare sectors defensive characteristics and the funds alignment with long-term demographic trends could provide support.