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Barchart
Barchart
Jim Van Meerten

INSANE: Baxter stock is testing a bottom after healthcare sector decimation | Vintage Vibes

  • Baxter International (BAX) shares are attempting a technical turnaround, breaking a multi-week downtrend that increasingly appears to have bottomed around $16.
  • The stock currently carries an 8% “Sell” technical opinion from Barchart, but that’s down from 88% a week ago and 56% a month ago.
  • Technical indicators show an aggressive short-term reversal underway, with the PPO crossing into positive territory.
  • Despite shedding nearly half its equity value from its 2024 and 2025 peaks, a definitive higher low structure is developing on the daily chart.

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