Hi Mowibble,
Long term - it still might be OK. That depends on fundamentals.
One of the keys to the rise in the Health sector has been the weaker Ozzie Dollar. Many of the companies earn their money overseas, e.g., CSL, SHL, COH. So a weaker Ozzie is a big positive.
While Ozzie interest rates remain high on an international scale, there's little chance of the Ozzie dollar weakening to any great extent. So one of the big pluses for XHJ's recent rise may not have a lot of legs.
Having said that - I'll probably be proved wrong in the near future.
Redbacka
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