Heathcare Stock for Bulls to Watch This June

Plus, 24 other stocks that tend to do well next month

Digital Content Manager
May 26, 2022 at 3:11 PM
facebook twitter linkedin


Edwards Lifesciences Corp (NYSE:EW) has taken a tumble in the second quarter, shedding nearly 25% since its mid-April peak near the $131 mark. The stock looks to have found a bottom near the $91 level, which also captured a pullback in May of 2021, and recently broke back above its 10-day moving average after several weeks below here. With the security last seen up 1.7% at $98.50 and headed for its highest close in almost three weeks, plus a promising seasonal signal flashing for the medical equipment concern, it could be time to look into a rebound for EW in the coming month. 

ew may 26

A study put out by Schaeffer's Senior Quantitative Analyst Rocky White detailing the 25 best performing stocks in the month of June shows EW high on the list. During the past 10 years, Edward Life Sciences stock has enjoyed a positive one-month return nine times, averaging a 5.5% bounce during this time period. A similar move from EW's current perch would put it just below the $104 level. 

best of june

A unwinding of pessimism among options traders could create additional tailwinds. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), 3.81 puts have been picked up for every call in the past two weeks. This ratio its higher than 90% of readings from the past year, suggesting this penchant for bearish bets is unusual. 

Finally, EW sports a Schaeffer's Volatility Scorecard (SVS) of 85 out of a possible 100. This implies Edwards Lifesciences stock has tended to outperform options traders' volatility expectations of late -- a good thing for call buyers. 

 

Stop leaving money on the table with the same old broken options trading approach...

There is no options strategy that more perfectly capitalizes during earnings season better than this simple call and put buying strategy. Perfect for aggressive traders looking to recover their suffering portfolios so far in 2022. With the simplest possible options strategy, Schaeffer's team with 100+ years of options trading excellence, target 200% gains on every single trade. So many trades are being beaten down by the market, but don't be one of them! Don't waste another second... join us right now before the next trade is released! 

 
Schaeffer's Daily Bulletin Offer
 


 


 
Special Offers from Schaeffer's Trading Partners