Concordia Healthcare Corp. T.CXR.R

Dow targets

[bullchart]

The overall market is not doing so great right now and we all know that even the best stop cannot hold up the market. Last January February and March the Dow was well above the 200 day moving average. It is now some 600 points below the 200 day moving average and the 16,500 level is something that I am now looking at as a possibility. CXR does not have to dip as we saw from the example last year as a down lost 1000 points going into 1 February but CXR made very little movement , In fact CXR actually gained slightly during the month of January going into February. Having said that, if CXR were to fall back to the 50 day moving average, which is slightly below $50, I certainly would be ready to add. Actually my November December uptrend sits around $52.

 

The healthcare sector did not start climbing until around the second week of January 2015. So I will be watching the healthcare sector and other good health stocks in this volatile time.

[bullchart]

My first mistake this year. :) that should read "even the best stock will not hold up the market"

[argentia77]

made sense to me: i.e.  a "good stop" might not save the market, whatever than means, but  could save an investor from losing more money.  lol