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Thursday, 02/01/2018 1:46:51 PM

Thursday, February 01, 2018 1:46:51 PM

Post# of 4999
Valeant Pharmaceuticals (VRX) Signals Buy After Retracing To Major Support

Shares of Valeant Pharmaceuticals Intl Inc (NYSE:VRX) traded near $25.00 just a few weeks ago. The run to $25.00 started from $11.00 and was non-stop for two-plus months. Investors should have been expecting a pull back and they got it. The question now is, where is it a buy. The answer is $17.75. Not only is it the former pivot high from July 2017 but it is also a 50% Fibonacci retracement point. With both factors coinciding, it alerts investors to major support and likely the start of the next leg up.





Gareth Soloway
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