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Concordia Healthcare Corp. T.CXR.R

Healthcare Biotechnology


TSX:CXR.R - Post by User

Concordia Healthcare Corp.
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Post by picassoloveron Mar 10, 2016 8:28pm
157 Views
Post# 24646198

Head and Shoulders Pattern

Head and Shoulders Pattern
Concordia Healthcare Corp
CXR:TSX
     43.50 CAD, Last Close
Options Available
Industry: Biotechnology
Competitors: VRX:TSX, PLI:TSX   Add Competitor
 


Event Details for: Head and Shoulders Bottom
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Tells Me: The price seems to have reached the end of a period of "accumulation" at the bottom of a major downtrend; the break up through resistance signals a reversal to a new uptrend. The Head and Shoulders Bottom is created by three successive declines in the price following a significant downtrend. The lowest low (head) is in the middle, flanked by two higher lows (shoulders) at roughly the same level. Volume is highest as the price makes the first two declines, then diminishes through the right shoulder. Finally volume surges as the price closes above the neckline (drawn between the two highs) to confirm the reversal. More about the event
Event Date: Mar 07, 2016
Opportunity Type: Intermediate-Term Bullish
Close Price: $43.69
Target Price Range: $50.25 - $51.75
Price Period: Daily
Volume: 556,420
Pattern Duration: 33 days
Inbound Trend Duration: 25 days

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