Replies to post #5018 on Bausch Health Companies Inc (BHC)

[Zilla]

Another good day in BHC with a 7.11 close.
Range was 6.93-7.12 On 2.5 million traded...
200DMA 7.88
50DMA 7.05
20DMA 6.71
So I traded accordingly with about 40% of the calls I had. Got out of all the calls I had before the next ER and might add some back if we pull back under 7 this short trading week... ;-)
I just think it will break below the 50DMA at some point in the next two weeks especially if it gets stuck between 7.20-7.60 Nothing wrong with taking some profits and I've still got my core and extras for next year just in case we keep going. :-D