SC, Shoppers Drug Mart

sc apr.2012

We have been bullish on this stock right from the lows (see previous blogs), with a potential target of, perhaps $50 or so. This rebound has the looks of an a-b-c X a-b-c, a so called double zig-zag. If so the stock probable will not trade much above $45/$47 and we would sell at those levels maintaining a tight stop in the mean time. From the lows this is about a 50% gain.