BullBear Trading: Stock and Financial Market Technical Analysis

Bought 10,000 Shares Valeant Pharmaceuticals, As Breakout Likely Begins

Valeant Pharmaceuticals Intl Inc (NYSE:VRX) likely broke out today. Recently, it has turned the corner, making higher lows and higher highs. This is extremely bullish price action The stock is flagging in one of the most perfect bull flags you will ever see. The low today (which tagged the daily 50 moving average) and reversal to the upside could be the start of the big breakout to a new higher high. Big investors have been accumulating for long periods as this turn around story takes hold. Upside target is $35.00+.

By Pro-Trader
Markus Teller

Views: 46

Comment

You need to be a member of BullBear Trading: Stock and Financial Market Technical Analysis to add comments!

Join BullBear Trading: Stock and Financial Market Technical Analysis

Join BullBear Traders

 
Free 30 Day Trial
No Credit Card Required

SUBSCRIBE Here
  

Pay with Cryptocurrency and SAVE!

6 Months BullBear Trading

for $100

(regularly $120.00)

 

Steven Vincent's market analysis is published on:

Steven Vincent's opinion is polled every week for the Birinyi Associates
TickerSense Blogger Sentiment Poll

© 2021   Created by Steven Vincent.   Powered by

Badges  |  Report an Issue  |  Terms of Service