Looking for a Low Risk Trade on Salix Pharmaceuticals $SLXP
The Pharmaceuticals have been strong recently over the last year with shares of $JAZZ $CELG $REGN and many more. Salix Pharmaceuticals $SLXP gapped up on big volume. This is what you like to see…however in the beginning of a bull market not in a late stage with extreme readings in margin debt & numerous distribution days. However $SLXP is now on my watch list for a pullback. In the current market pullbacks have been an effective strategy. It is also possible this share keeps on running…we are only dealing in uncertainty..
Past performance is not indicative of future performance