Does ResMed inc. (RMD) have more room to run?
ResMed Inc. (RMD) appears to have recovered technically towards $35 per share. Is this momentum likely to continue, or is rotating out of RMD (and out of the health sector) prudent?
The Latest Q&A
Answer
Hi Richard,
We do indeed think RMD will struggle around $35 at least short-term hence we trimmed our position in our Flagship Growth Portfolio from 6% to 4% on Wednesday. However we remain happy with the Health Sector allocating 4% into quality operator and situation play Ramsay Healthcare (RHC).
- MM is happy to remain long RMD but feel more comfortable trimming our position back from an aggressive 6% to 4%.
- However overall we still like the Healthcare Sector and actually increased our net exposure through RHC.
