VALEANT PHARMACEUTICALS INTL INC T.VRX

Oversold!

[coalbet]

In trading on Tuesday, shares of Valeant Pharmaceuticals International Inc (NYSE: VRX) entered into oversold territory, hitting an RSI reading of 26.1, after changing hands as low as $37.24 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 63.1. A bullish investor could look at VRX’s 26.1 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of VRX shares:

 

Looking at the chart above, VRX’s low point in its 52 week range is $37.24 per share, with $263.81 as the 52 week high point — that compares with a last trade of $38.74. Find out what 9 other oversold stocks you need to know about »

VRX makes up 2.22% of the Pharmaceutical ETF (AMEX: PPH)

[FullReversal]

Humm... coalbet,  you sound like a buddy of mine.... My buddy the trader says the exact same thing... Oversold! But your profile say 2014 and "novice"?  Humm.... Is that novice trading, investing or bullboarding??? Disclaimer.  Just watching VRX at the moment.  I work with a small team of investors that look at short attacks and profit from them.    I'

[coalbet]

I bought on friday and trading on the technicals of being oversold. I guess we will see in the coming week!  No i am not bullboarding just my perspective. Your team should have a look at TLT on the venture exchange ready for a breakout Going into Phase 1 human bladder treatment and oversold at the moment.

[miscstuff]

Don't mix me up with another poster. I don't have a team.

[miscstuff]

Coalbet: Just in case you think this is a buy signal, it isn't, as indicated by the trading in wed, thurs, fri. It "might be in oversold territory for a while. Consider buying as it comes out of oversold territory.

[StevieCohen]

Moron, it only becomes a buy when the RSI crosses back out of "oversold territory", otherwise it will just keep going down.  You guys are trying to catch a fuucking meteor.  At $15-20 it's maybe worth a trade, unless other info comes out clearly pointing to the equity being worthless.  Most of you morons don't understand a balance sheet and the bond market

[d_trump]

Good post Stevie.....this is not the time for technical analysis, not until their audit is signed off. And BTW Protrading has a dozen aliases - he is the former "shortattack" and now he is posting as Fullreversal.