Alcon Eye's Next Leg Higher
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FOR THOSE JUST JOINING US, HERE’S AN OVERVIEW
Markets marched lower. Every major index closed negative. The Nasdaq Composite cratered -3.64%. The S&P 500 and Russell 2000 tumbled more than -2%.
Utilities gained +1.12%. Healthcare carried +0.83%. Technology and consumer discretionary dropped more than -4%. Communications and industrials fell more than -2%.
New 52-Week Highs led New Lows — 147 vs. 27.
THE BEST OF THE BEST
Alcon ($ALC) is the Best of the Best. The eye care product provider advanced +1.65% and closed at an all-time high.
Here’s the daily chart.
And weekly chart.
THE WORST OF THE WORST
Bausch Health Companies ($BHC) is the Worst of the Worst. The pharmaceutical manufacturer plunged -23.25% on rumors of a prepackaged Chapter 11 bankruptcy.
$BHC broke down as much as -47% on the day.
Here’s the daily chart.
And weak weekly chart.
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