SIA Charts Daily Stock Report (siacharts.com)
The SIA Daily Stock Report utilizes a proven strategy of uncovering outperforming and underperforming stocks from our marquee equity reports; the S&P/TSX 60, S&P/TSX Completion and S&P/TSX Small cap We overlay these powerful reports with our extensive knowledge of point and figure and candlestick chart signals, along with other western-style technical indicators to identity stocks as they breakout or breakdown. In doing so we provide our Elite-Pro Subscribers with truly independent coverage of the Canadian stock market with specific buy and sell trigger points.
VALEANT PHARMA INTL (VRX.TO) TSX - Dec 17, 2012
Between November 2 - 4, 2011 VRX.TO entered the Favoured zone moving up 19 places to 6th from 25th in the S&P TSX 60, and has remained favoured since then. On November 7, 2011 VRX traded for $42.76
As of December 14, 2012, VRX closed at $58.51, up 36% since November 7, 2011.
GREEN - Favoured / Buy Zone
YELLOW - Neutral / Hold Zone
RED - Unfavoured / Sell / Avoid Zone
VALEANT PHARMA INTL (VRX.TO) TSX - Dec 17, 2012
What we said last year:
November 4, 2011 - With the announcement of a stock buytoack and impressive earnings, Valeant Pharma (VRX.TO) has popped back in to the Favored Zone of the SIA S&P/TSX 60 Report. Now approaching resistance at $46.12, a break above that sees the next potential target at $54.04, the prior high from earlier this year. To the downside, support is at $40.95 and again at $35.65, the low from last month.
What
December 14, 2012 - Valeant Pharma (VRX.TO) has been in the favored zone of the SIA S&P/TSX60 Report for over a year now and is attempting to retest its prior high at resistance at $59.74. A move above this level could see $64.67 come into play as the next resistance level. Support below is found at $53.05 and $49.
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