Bausch Health Companies Inc (BHC): Price Down $-0.17 (-0.52)% Over Past Day, Up $0.13 (0.4)% Over Past Hour

The Hourly View for BHC

At the moment, BHC’s price is up $0.13 (0.4%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, with price now being above it. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

BHC’s Technical Outlook on the Daily Chart

At the time of this writing, BHC’s price is down $-0.17 (-0.52%) from the day prior. It’s been a feast for bulls operating on the daily timeframe, as BHC has now gone up 4 of the past 5 days. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Bausch Health Companies Inc’s price action over the past 90 days can be seen via the chart below.

For BHC News Traders

Investors and traders in BHC may be particularly interested in the following story that came out in the past day:

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The post Bausch Health Companies Inc (BHC): Price Down $-0.17 (-0.52)% Over Past Day, Up $0.13 (0.4)% Over Past Hour appeared first on ETF Daily News.