Apparently drug demand is strong judging by Valeant Pharmaceuticals (VRX) recent performance. It has been consolidating quietly for about three months now just under its 52 week highs and is starting to get interesting. While this setup may need a little more time, it offers one of the few remaining setups that is not extended while also not being a laggard. Keep an eye on its narrowing range, and wait for break out of it on strong volume.
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