RE:RE:RE:Up Up And AwayStockcoach1 wrote: greenpasture wrote: Exactly right. Another day like Apr 21-22 will jump this to 45-46 in a heartbeat for the #2 move. Love the action on this one especially what they did yesterday on the move back aft er 1 pm. Will see if we get that chance today into the close to add.
Unfortunately yesterday's move was all FX related. CXRX was down but CXR was up 41 cents. The US dollar was stronger by 1.5% thus making the Canadian price stronger. Some more of that happening today as the US dollar is up another .57%.
Since I posted this the US dollar has increased by a full percent on fed talk of a rate hike in June. This is good for the Canadian SP of CXR. The higher the USD the higher the buy out in CAD. Every percent adds value.