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VALEANT PHARMACEUTICALS INTL INC T.VRX

"Valeant Pharmaceuticals is a global specialty pharmaceutical firm with a focus on branded products for the dermatology, gastrointestinal, and ophthalmology markets. The firm also has a branded generics business that operates primarily in Latin America, Eastern Europe, and Asia."


TSX:VRX - Post by User

Post by Carlos66on Sep 30, 2016 4:10pm
158 Views
Post# 25296779

$32. support level

$32. support level
---by looking at the chart VRX finally broke thru $36. , $35. , $34. , $33. & soon $32..
---when $32. gets broken we will be at $29.5 where the SP last spiked to above $36.. If this doesn't hold we will be at $32. in a heart beat.
---Institutional longs giving up the ghost it seems.
---any assets sells if not Bausch & Lomb will be considered not enough.
---if they sell Bausch & Lomb (the only stable income source) stock will crater.
---if any of their drugs get approval the stock may pop up but not above $36. & even then it won't last as income derived is off in the future & will depend on the degree of approval.
---if any or all of their drugs get the thumbs down the stock will be back down to $24. in June from where this 3Q rally started.

carlos
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