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Health technology/ services sector. High market cap for stability. Technical tools using for the performance analysis are average true range, momentum, MACD (moving average convergence divergence), RSI (relative strength index), support and resistance. Good price action. Leader in the sector.
Our investment strategy consists of buying the top 10 performing stocks of the Nasdaq 100 index, and short-selling the 10 worst-performing stocks of the same index. We chose the companies based on their performance in the last 3 months. Due to a holding period of only one month, we believe that a passive strategy is more appropriate than an active strategy. The weight of each company in our portfolio will be approximately equal, which increases diversification benefits of this portfolio. We will use almost all available debt in order to benefit from the additional expected returns from leverage.