Concordia Healthcare Corp. T.CXR.R

When The health care index ignores the market

[bullchart]

When you see the healthcare index ignore the market, the DOW, you can be pretty sure that this is only a temporary reset for the DOW. Today were watching $58 become a resistant point once again as CXR moves in a side pattern between $56 and $58. All of this is taking place as the VRX attempts to fill  it's down gap between $158 and $144.  

So far it is looking like the 16,700 to the 16,800 level on the Dow is an area for support. I really do not expect a new high in CXR until we get some signal in the general market. Having said that, if CXR does move into a new high without the support of the market, rest assured some Monday morning, like March 9, 2015, some on here will be in for a bit of a shock.

[ShortAttack]

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[bullchart]

The reason I mention March 9, 2015, was the fact that Monday morning CXR get a gap up from the Friday close of $64.16 to a high on Monday morning of $82.24 and never slow down until a few days later at $91.16. CXR had been on a steady up trend with little or no news. Then we received eight news releases over the next week or so. Much like CXR is doing presently with no news and a steady gradual up

[springisnear]

Bullchart, what is the 200 Day Moving Avg (in CAD)?  I am relatively new to CXR but was given heads up by a buddy at ML who is huge long.  thank you.

[bullchart]

Springisnear, The 200 day moving average has been slightly turning down since early December. As it pulls down and the uptrend in CXR from October is maintained, CXR should meet up with the 200 day average around the first or second week in March. (70.00)Of course anything could happen, and there could be a spike to the upside like we had last March, but given the normal movement we have been