A rebound with staying power may be in the cards for this beat-up medical devices ETF

The iShares U.S. Medical Devices ETF (IHI) could be setting up for a turnaround — and a few stock charts detailed here will show why. First, the bad news: IHI has been in a downtrend since the very start of 2026, visibly underperforming the major indices by a wide margin. Along the way, we've seen several rally attempts strong enough to generate moving average convergence/divergence, or MACD, buy signals three separate times since the middle of February. …