RE:VRX Technical Analysis for Nov 26 and forward [ BULLISH ]Linear Regression is highly reliable. Many HFT (High Frequency Trading) models are based on it. Many examples online, but here is one: https://queue.acm.org/detail.cfm?id=2534976 .
Despite all the increasing attacks by short-sellers, linear regression for VRX kept pointing up due to resilience of bulls. And large institutions know it - it will pay off.
Guggenheim analyst recently upped the target price for VRX to $195 (double of what is now). Guggenheim also uses high-frequency trading, and it is my belief, they set their target prices based on what linear regression predicts.
VRX is doing well, short-sellers are losing ground and are getting smoked. Bulls are taking over Valeant.
And that's a very good news. Valeant Pharmaceuticals is a great company.