Healthcare stays broadly healthy — the same twelve names that carried a clean uptrend two scans ago still do, unchanged for a third straight scan. But $SYK crashed into the oversold band this scan (RSI 49.2 to 34.1, a 15.1-point drop, the cut's largest single-name move) even as $CVS climbed fully out of it (37.9 to 49.5) with its long-trend numbers still clean. $ABT's cooldown from an overbought squeeze two scans ago has turned into a genuine decline (59.6 to 47.3) with its year-over-year return getting worse, not better. $ZTS remains the cut's deepest breakdown by a wide margin and $ISRG continues its relapse for a fifth straight scan, while $HROW's long trend actually improved — its year-over-year return flipped positive even though it's still testing its 200-day from below.

Data as-of the 2026-09-04 close (Friday's settled session) — every name in this cut carries a fresh bar this scan.

Source: healthcare.json (the broader universe, not the narrower healthcare-scan.json cut — consistent with the prior scan). Prior scan: 2026-08-28-healthcare-scan.

The cohort's core uptrend group is unchanged for a third straight scan: $BIIB, $LLY, $JNJ, $GH, $GILD, $VRTX, $XLV, $DXCM, $PFE, $AMGN, $TMO, and $MRK all remain above their 200-day average with a strongly positive year-over-year return, the same twelve names that have anchored the "broadly strong" read across the last three scans.

$SYK is this scan's clearest casualty. It dropped from RSI 49.2 to 34.1 — a 15.1-point decline, the cut's largest single-name move — on a 8.3% weekly decline, and its long-trend numbers got worse alongside the RSI drop: year-over-year return fell from -15.1% to -23.1%, and it's now 10.4% below its 200-day, versus 2.7% two scans ago. This is a genuine deterioration, not a rough week inside an otherwise intact trend.

$ABT's story continues to worsen rather than stabilize. Two scans ago it cooled off an overbought squeeze (RSI 77.8 to 59.6); this scan it kept falling, down to 47.3, while its year-over-year return also got worse (-14.4% to -18.4%) even as its price sits just 1.9% above its 200-day. That combination — RSI still falling, long-trend numbers still deteriorating — is the pattern to watch here, not a name that's found its floor. $VEEV, which took over $ABT's overbought-but-weak-trend flag last scan, cooled meaningfully this scan (74.9 to 65.9) but the underlying trend read hasn't changed: still barely positive on the year (+1.9%) with a badly negative alpha (-16.8) despite comfortably clearing its 200-day (+38.5%).

$CVS is the clean positive story this scan: it climbed fully out of the oversold band (37.9 to 49.5) while its long-trend numbers kept improving — year-over-year return now +31.3% (from +29.0%), 11.8% above its 200-day (from +8.1%). That's a deep pullback resolving upward, not a name that needed the oversold reading to look interesting. $HROW also improved on the fundamentals even though its RSI (46.4) is still soft: its year-over-year return flipped from -4.4% to +6.5%, though it remains 6.7% below its 200-day — call this "recovering, still testing the 200-day from below" rather than a clean breakdown anymore.

$ZTS remains the cleanest long-trend breakdown in the cut, and it's essentially unchanged at the worst level: down 50.5% over the past year, 26.4% below its 200-day average, with an alpha of -69.2. RSI sits at 48.8 — still mid-range, still not obviously alarming on its own — which is exactly why the long-trend check matters here more than anywhere else in this cut. $ISRG continues the relapse pattern flagged across the past four scans, now a fifth straight scan below its 200-day (-20.9%) with a negative year-over-year return (-19.3%), essentially unchanged from two scans ago.

• $SYK crashed into the oversold band, the cut's sharpest move this scan. RSI 49.2 → 34.1 (-15.1), price down 8.3% for the week — year-over-year return worsened from -15.1% to -23.1%, vs-200-day from -2.7% to -10.4%.
• $CVS climbed fully out of the oversold band. RSI 37.9 → 49.5 (+11.6), year-over-year return improved to +31.3% (from +29.0%) — a deep pullback resolving upward.
• $ABT's cooldown became a genuine decline. RSI 59.6 → 47.3 (-12.3), with the underlying trend getting worse, not better (1-year return -14.4% → -18.4%).
• $VEEV cooled off the cut's overbought spot. RSI 74.9 → 65.9 (-9.0), still barely positive on the year (+1.9%) with negative alpha.
• $HROW's long-trend numbers improved even as its RSI stayed soft. RSI 39.5 → 46.4 (+6.9), year-over-year return flipped from -4.4% to +6.5% — no longer a clean breakdown, though still 6.7% below its 200-day.
• $TMO cooled from extended. RSI 66.2 → 57.4 (-8.8), still up 25.4% over the year.
• $JNJ and $UNH both firmed modestly. JNJ: 56.0 → 60.6 (+4.6). UNH: 42.3 → 46.8 (+4.5), still above its 200-day with a positive year.
• $ISRG continues its relapse for a fifth straight scan — 1-year return -21.4% → -19.3% (slightly better), vs-200-day -20.5% → -20.9% (slightly worse), essentially unchanged.
• $ZTS remains essentially unchanged at the cut's deepest breakdown — -50.0% → -50.5% on the year, still the widest gap to its 200-day in the cut.
• No stale bars this scan — every name carries a fresh 2026-09-04 close.
• Universe unchanged. Same 22 tickers as the prior scan.

RSI measures how stretched a stock is over the past 14 sessions — under 30 signals oversold, over 70 signals overbought/extended. vs SMA20 is the price gap to the 20-day average. 1Y% and vs SMA200 are the two numbers that separate a genuine breakdown from a pullback: $CVS looks weak on RSI history but is above its 200-day with a positive and improving year — a deep pullback resolving upward, not a breakdown. $ZTS, $ISRG, $SYK, and $ABT are below (or barely above, for $ABT) their 200-day with a negative year, and the long-trend numbers on all four got worse this scan even where the RSI didn't collapse — genuine deterioration, regardless of a mid-range RSI. $VEEV is the trickiest read again this scan: cooled on RSI but still barely positive on the year with a negative alpha — don't let the RSI cooldown read as the trend catching up.

None.

$SYK (34.1) — the only name in the band, replacing $CVS and $HROW who both climbed out this scan. $SYK's long-trend numbers deteriorated alongside its RSI, making this a genuine breakdown rather than a buy-the-dip setup.

• Genuine breakdown, deteriorating (below or barely above 200-day, negative 1-year, trend getting worse): $ISRG, $ABT, $ZTS — three names; $ZTS is the deepest of the group by a wide margin, essentially unchanged from the prior scan, while $ABT's numbers worsened this scan specifically.
• Recovering, still below the 200-day: $HROW — the year-over-year return flipped positive this scan even though price remains below the 200-day.
• Flat 1-year despite mid-range RSI: $MDT — technically above its 200-day but flat on the year with weak alpha.
• Overbought but long-trend weak: $VEEV — the cut's highest RSI two scans ago, now cooling, but still barely positive on the year with negative alpha.
• Extreme, high-variance move: $MRNA — up 499.5% over the year, a distinct situation from the rest of the cut.
• Genuinely healthy uptrend: $LLY, $UNH, $GH, $DXCM, $XLV, $TMO, $BIIB, $VRTX, $JNJ, $MRK, $AMGN, $PFE, $GILD — thirteen names, the bulk of the cut, all above their 200-day with a strongly positive year, unchanged from the prior scan.
• Deep pullback but intact, resolving upward: $CVS — weak RSI history this scan but above the 200-day with an improving positive year.

• $SYK just crashed into the oversold band with worsening long-trend numbers — does it stabilize, or does this become the next multi-scan relapse pattern like $ISRG's?
• $ABT's cooldown from overbought has turned into an outright decline with a worsening 1-year return — does it find a floor, or does the deterioration continue?
• $ISRG is below its 200-day for a fifth straight scan — does the relapse finally break, or continue a sixth time?
• $HROW's long-trend numbers improved this scan even with a soft RSI — does the price confirm the recovery next, or does it stay stuck below its 200-day?

• Tape data (price/RSI/SMA/returns): full-scan pre-computed summaries as of the 2026-09-04 close — healthcare.
• Prior scan for comparison: 2026-08-28-healthcare-scan.