Replies to post #4984 on Bausch Health Companies Inc (BHC)

[Zilla]

Oh yeah stocks don't trade on weekends. lol
BHC 8.41
200DMA 7.84
50DMA 7.85
Lightened my 3/15 (8's) as the premium was almost .38 higher than the stock. If bad news they'd expire worthless but I expect good news but always be ready and trade accordingly. Was about 9% bounce from the bounce off the DMA's just over a week ago. I expect 15% but not greedy and it sometimes runs into ER and then sells off so...Trade Accordingly

[Zilla]

So what's happened since?!?
BHC is currently 8.71 but it did hit 11.46 just before winning in court over Norwich...
200DMA 8.30
50DMA 9.26
BLCO 14.79 but had gone up over 17.50 after ER...
So it was a good run but that doesn't mean it can't start another run...12.50 maybe 15?!? With Norwich in the rear view there's no reason for the trading ranges to not go to another level up...10's were the ceiling so if it does maybe 10 becomes the new floor...
Back in the day 22.50 was the floor...One day maybe it will be again...