CoryMitchell-CMT

BHC.TO Recent Long Trigger

Long
TSX:BHC   BAUSCH HEALTH COMPANIES INC
BHC recently broke out of a consolidation after putting in a rounded bottom. This pattern has played out three times over the last year, moving about 20%+ over the former high. This trade takes advantage of that same pattern with a target just under 20% away from the entry and a reward:risk of about 3.5:1.

Disclosure: long

Cory Mitchell, CMT
Stock and forex trading insights at tradethatswing.com/
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