Valeant Pharmaceuticals May Trade In $90 Area Soon

 | Nov 20, 2015 01:35AM ET

Valeant Pharmaceuticals International Inc (N:VRX): The stock finished the day up 15.6% on solid volume of over 23 million of shares exchanging hands on the day. With no resistance between $87 and the 20-day EMA a break above the $87 level can see the stock trade in the $90 area pretty soon. Momentum indicators are slightly bullish now with RSI inching away above the 30% level. Have this on your watchlist.