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Valeant Pharmaceuticals International Bearish Moving Average Crossover Alert (VRX)

By David Diaz

Today, shares of Valeant Pharmaceuticals International (NYSE:VRX) have fallen below their 10-day MA of $27.37 on a volume of 7.2 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Valeant Pharmaceuticals International share prices have moved between a 52-week high of $263.81 and a 52-week low of $23.55 and are now trading 13% above that low price at $26.63 per share. Over the past week, the 200-day moving average (MA) has gone down 3.3% while the 50-day MA has declined 8.2%.

SmarTrend is monitoring the recent change of momentum in Valeant Pharmaceuticals International. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Valeant Pharmaceuticals International in search of a potential trend change.

Keywords: moving crosses valeant pharmaceuticals international

Ticker(s): VRX