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Oppenheimer: 3 Healthcare Stocks And 2 Energy Stocks To Buy Now

Wayne Duggan

Oppenheimer recently released a report focused on identifying stocks with technical buy indicators in their charts.

After analyzing the healthcare and energy sectors, Oppenheimer chose five stocks to highlight as technical buys.

Amgen Inc (NASDAQ: AMGN)

After a brief pullback to previous resistance levels, analysts see a continuation of Amgen's breakout on a chart versus the S&P 500 above a level that had previously kept the stock down for more than a decade.

UnitedHealth Group Inc (NYSE: UNH)

United also recently broke above 2005 highs versus the S&P 500. The previous high could serve as a support level moving forward.

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Medtronic Plc (NYSE: MDT)

In late 2014, Medtronic finally broke above a resistance level that it had repeatedly failed to penetrate for over a year on a chart versus the S&P 500.

Analysts see room to the upside before the stock finds another potential resistance level.

Kinder Morgan Inc (NYSE: KMI)

Analysts see the stock's recent underperformance as a "tactical pullback" and a buying opportunity. The stock seems to have found recent support at the 200-day moving average on its chart versus the S&P 500.

Marathon Petroleum Corp (NYSE: MPC)

In early 2015, Marathon broke out of a pennant formation that had been forming in its chart versus the S&P 500 since early 2013.

Other names

In the healthcare sector, the report also lists Anthem Inc (NYSE: ANTM), Humana Inc (NYSE: HUM), Boston Scientific Corp (NYSE: BSX) and Edwards Lifesciences Corp (NYSE: EW) as technical buys.

In the energy sector, Oppenheimer also recommends EOG Resources Inc (NYSE: EOG), Valero Energy Corp (NYSE: VLO) and Tesoro Corp (NYSE: TSO).

Latest Ratings for AMGN

Jan 2015

Barclays

Initiates Coverage on

Equal-weight

Jan 2015

Morgan Stanley

Downgrades

Overweight

Equalweight

Oct 2014

Citigroup

Maintains

Buy

View More Analyst Ratings for AMGN
View the Latest Analyst Ratings

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