Concordia Healthcare Corp. T.CXR.R

Comments

[TACT]

Friday was a bullish price move back a bove 21 ma on above average volume suggesting comittment to higher prices which are ceratinly forthcoming on the heels of an outstanding earnings report. Momentum indicators RSI and MACD Histogram have yet to cross 50% level where real strength comes. ATR is just beginning to demonstrate price range expansion. One might trail stop below each prior day's low or use the 3 day displaced stop as seen here and currently 39.05 TDD Stop

[sunshine7]

Taking out stops has been a favorite pastime of those wishing to accumulate and an impediment to an increase in SP. I know that the 'books' say to put in your stop loss, however, recent history has not been kind looking at intra day volatility. Do not underestimate the power of the MMs.

[ShortAttack]

This post has been removed in accordance with Community Policy