VRX update

vrx may 11 2016

See our earlier blog. We were expecting at least another 4-5 before this party would be over. We are getting that. A little further – watch the RSI – and this stock might be reaching a major low. It should reach  below $32.35 to make a new low.  Our guess is that with Papa running the place and Ackman on the board a little revival should be in the cards soon. Where exactly we do not know but it should be something like $30 or so. The MACD is already not responding to the latest drops in the stock.