|Day Low/High||67.54 / 67.71|
|52 Wk Low/High||38.88 / 81.82|
If you are trading ASH, it has to be from the long side.
The stock is likely to drift back down to the $95 to $90 area unless buyers kick it up a notch.
Having 'cash for a crash' is how you end up owning Disney at $19.
Here are healthcare stocks of all shares and sizes with strong charts.
Petrobras is a strong bottom bouncer with $14 actually a possibility.
Companies also went shopping on the Presidents Day holiday weekend as Actavis bought Forest Laboratories for $25 billion and Ashland sold its water treatment unit for $1.8 billion. Carl Icahn must be especially happy with the Forest Labs sale as he tried not, once, but twice to get the company to sell itself and still owns a stake in the biotech. It also augurs well for Wall Street advisers who have been waiting for a recovering economy to support an uptick in mergers and acquisitions.
Let's take a peek at the price action overnight and in the early morning in the more important asset classes. The rundown: S&P futures down 9 handles; Nikkei down 1.15%; European markets down -- a lot of earnings disappointments overnight, including...
Despite the pessimistic headline news, George Tkaczuk talks about some of the positives underlying the equity markets going forward. George also mentions two potential buy opportunities in Ashland lnc. (ASH) and On Assignment Inc. (ASGN).
We've seen impressive earnings from these two names, in contrast to the prevailing trend.
The market won't be in the clear until we see some institutional buying. Plus, my weekly model portfolio update.