Top Down Trade of the Week (11/22/2025)

Welcome back for another Top Down Trade of the Week.

This is a classic leadership scan.

We start with the best sectors, then drill into the subgroups. We pick one, and then take a look at the top stocks in it.

This week’s standout is Healthcare, which is holding firmly back in the top 5 of our sector rankings.

Healthcare has been the best-performing sector this month, with a growing list of subgroups starting to participate in the strength. 

While biotech remains the clear leader, there are some fresh pockets of leadership emerging.

Here’s a look at our overall industry rankings, which show Healthcare Equipment stocks pushing into the top 20.

This subgroup has been a steady source of relative strength, with price action improving beneath the surface as more names resolve higher from multi-week bases and momentum continues to expand.

Here are the Top 10 names in the Healthcare Equipment subsector, ranked by relative strength.

Our team at ASC is constantly running top-down scans like this. If you want access to all our research and trade ideas, join risk-free today and take advantage of the special offer.

This week’s spotlight stock is AxoGen $AXGN: