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Bullboard - Stock Discussion Forum Concordia Healthcare Corp. T.CXR.R

TSX:CXR.R - Post Discussion

Concordia Healthcare Corp. > Bulls beat Bears today
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Post by adamchess on Nov 24, 2015 6:25pm

Bulls beat Bears today

I would not be surprised if sp gaps up tomorrow morning and keeps running steadily upwards until next oversold situation over $60 after a number of days.
Considering yesterdays candle was strong bearish, we started with lower movement out of the gate and quickly started recovery after hitting low of $47.60. I thought it would go somewhat lower and finish negative from yesterday. SP action showed that upward pressure is stronger than bearish candle due to general high optimism about future guidance and nobody wants to miss the train on CXR/CXRX. just my optimistic opinion GLTA
Comment by investorken on Nov 25, 2015 12:11am
Actually, I'd like to note a few things. 1) We actually had a very good start yesterday morning until we hit the 50day moving avg around 53.50~54 area 1~2 minutes into the open. I did expect something to happen when the SP met the 50day moving avg... but didn't expect a move down as bearish as you said in your post. I thought we'd end the day in the 50's. 2) The stock moved as i ...more  
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