Bausch Health Companies Inc (BHC) Quote

BHC currently 8.84
200DMA 8.29
50DMA 9.22
BHC got Norwich to not be able to make their generic in court but PPS not reacting yet...
BLCO reacted going down to 14 so maybe shares will be coming to BHC shareholders soon.

BHC 8.92 close
200DMA 8.26
50DMA 9.13
With not hearing anything about court this is headed to the 200DMA or previous lower trading ranges...UGH!!!
BLCO 15.64 which is below the 15.78 (50DMA)
200DMA 16.84
Tomorrow it could bounce but who knows need BHC to win in court vs Norwich!

Hoping that BHC will execute relatively quick on releasing BLCO shares to their shareholders. Didn't like the idea at first but it seems like this plan is already in motion. Looks like they sold the IPO offerings at fire sell prices but there is a way for BHC to transfer the last 88.8% of their BLCO holding and capture some funds for debt repayment (rather than selling 8.8% and transferring the other 80%). By using warrant BHC can transfer all 88.8% to their existing shareholders and still net at least 3X what they would if they sold the 8.8% on the market or a closed deal.

BHC went down to 9.06 but 9.24 close
BLCO went below 16 but 16.12 close
BHC 200DMA 8.25
50DMA 9.12
Wow what a ride and now suing Amneal while waiting for Norwich verdict. They just don't want to let BHC shareholders get BLCO shares. Well I added back my BLCO today because if they want to bring it back into the fold it will need a slight premium so we shall see what happens.

BHC currently 10.02 waiting for news on Norwich court. Yesterday 4/3 we POPPED up to about 11.40 on good volume then came back down...I thought it was verdict on Norwich but still waiting but any day now...
200DMA 8.22
50DMA 9.02
BLCO 16.17 right between it's DMA's

BHC @ 9.89
BLCO @ 16.47

BHC @ 9.89
BLCO @ 16.47

BHC @ 9.89
BLCO @ 16.47

Overall market making or near all time highs with NVDA ER...Been a good year trading in 2024 already...Seems like irrational exuberance, lots of M&A and I know a few people (retail) with FOMO who jumped in...So time to take a break before it breaks. Still holding some stuff but not like I was at the start of this week.

Both BHC 9.23 day of ER and BLCO 17.04 day after ER performed well...Traded accordingly

Sold those BLCO's .30 higher today...Chart looks GREAT on both BLCO and BHC but overall market feels really wobbly/frothy still

DOW down 700 1.83%
Bought back my BLCO .50 cheaper than I sold them for yesterday so that's good but overall market will be interesting this week. Could fall off a cliff or bounce right back up to the highs. lol
BHC@ 8.27...Was hoping for a fast touch to the DMA's but it didn't happen. Haven't added back the calls I sold yesterday but still have a core and some flippers in case things go good with the ER.

DOW down 430 over 1%
Nothing like a down market to slow your roll. lol Hence why TRADE ACCORDINGLY and don't 'fall in love' with your stocks. BHC touched 8.10 but doing better @ 8.22 Had it went below 8 I'd added but now I'll wait and see how overall markets play out the day. Went about 50% cash yesterday so might add back plays I lightened up on yesterday. However nothing wrong with sitting on dry powder as things shake out as I'm still invested, just not ALL IN.

8% not 9% my bad

Oh yeah stocks don't trade on weekends. lol
BHC 8.41
200DMA 7.84
50DMA 7.85
Lightened my 3/15 (8's) as the premium was almost .38 higher than the stock. If bad news they'd expire worthless but I expect good news but always be ready and trade accordingly. Was about 9% bounce from the bounce off the DMA's just over a week ago. I expect 15% but not greedy and it sometimes runs into ER and then sells off so...Trade Accordingly

GOLDEN CROSS tomorrow...
BHC 8.17
200DMA 7.83
50DMA 7.82
We shall see what happens going into earnings. Court could announce any day. Chart setting up Golden Cross.
BLCO 13.70
Anything can happen but it's set up for a good run...

BHC @ 8.06
BLCO under 14
We could test 7 before the Golden Cross and earnings today or tomorrow to slow that cross.
200 DMA 7.83
50 DMA 7.79

BHC 8.25
BLCO 14.26
200DMA 7.83
50DMA 7.77
Looking good so far but can always throw a wrench into the machine as the volume has been low the past two uptick days...

BHC 8.07 with a low of 7.78
BLCO @ 14 up 2.4%
200 DMA 7.82
50DMA 7.84
Looking good heading into ER with the Golden Cross. I think we broke 9 this year already so that's possible if the GC isn't disturbed let alone a good ER. I'll trade accordingly and hold a core for hopefully future BLCO shares. If nothing is mentioned about that, I could see BHC trading a half of BLCO like it was before. However both should go much higher IMO and if we get no appeals and a win in court on Xifaxan, then a new 'trading range' 10-12 is possible with a POP to 15-16 before it finds it's trading range. With BLCO at 14, 80% shares times .77 your BHC holdings then divide that into the BHC shares currently is 10.78 valuing BHC as worthless. I also think BLCO will be mid 20's after split sell off is finished. Who knows but I see a LOT of value in both stocks but I flip for freebies and trade accordingly. BHC was a 30 stock on split announcement hype and mid/low 20's when Uncle Carl bought and when Crammer recommended. Those two are good to follow AFTER their plays get hit hard. Hello IEP...Divi kept at 1 or cut will decide that movement. Even if only in the short term. Good luck...

Test has happened.
200DMA 7.82
50DMA 7.72
BHC range today 7.68-7.89
So both DMA's tested!

BHC hit the 200DMA of 7.82 and went up to 8 currently 7.95
50DMA 7.70
ER on Thursday 2/22/24
BLCO @ 14 but went down to new 13.80 52 week low...
With 3 weeks before ER I'd expect a dip down to slow the Golden Cross from forming but maybe it still happens before ER. Maybe it also doesn't move the stock. Maybe we get a POP before ER and a drop after ER....There covered all the bases. lol
Doesn't matter as it's all gambling IMO as the market has been manipulated with no evictions, printed money, cash given out, FED not wanting to disturb political cycles and who knows what else...Musical Chairs but when the music stops there's a lot less chairs than thought.

200DMA 7.82
50DMA 7.68
BHC had just touched 7.85
BLCO 13.92
200 was tested yesterday and if they take it down to 7 and keep it there it will probably keep the Golden Cross from happening until an ER says how the company is doing. ER expected in February so... Holding at 8 would probably slow the GC til ER.

Hit 7.77 which is below the 7.82 200DMA closed 7.85...Looks like it's time to get ready to RUMBLE!!!

Here we go.... BHC 8.02

200DMA 7.82
50DMA 7.67
BHC 8.15
BLCO 14.36
Been expecting a dip down to test the DMA's but haven't gotten it as of yet. Still got .15 before that Golden Cross happens. It could even test 7 with where BLCO was the other day but if the ER is good and if court goes in favor of BHC (expected) then the 'weekly' chart 200DMA is 16.57 and that becomes possible if both stocks have better than expected earnings and good news on spin/court. That's a LOT of if's and it would probably take half the year to get there with pops and drops along the way...

Well Both did rise today...
BHC 8.33 close and hit 8.42 at one point
BLCO 14.54 and hit 14.67
IT HAS BEGUN....Mortal Kombat....

200DMA 7.81
50DMA 7.61
BHC 8.18
BLCO 14.10 new 52 week low...
BHC use to trade for half or less than half of BLCO so that has changed as of late...
I'd think both would rise but you never know.

JPM doing it's best to help BHC test the DMA's or go below to 7 lol
200DMA 7.81
50DMA 7.58
BHC 8.10
BLCO 14.24
Looking at the charts BLCO looks like it's forming a bottom to go higher...BHC is setting up a Golden Cross but looks like a pull back before that's allowed.
Charts don't mean ish but they are interesting as are patterns like 7-8 in BHC. BLCO looks undervalued and I can only think it's because the market is expecting shares to be given to BHC shareholders. So using funny/fuzzy math 10,000 BHC would cost 81,000 those 10K shares would get you about 7700 shares of BLCO @ 14 that's 107,800 for 80% BHC still owns 88.7% if I recall and 50.1% is NOT tied up to debt. THAT is what I think gets distributed first and the other 29.9% later with BHC using the 8.7% to pay off their debt once BLCO is above 30... Either way BOTH companies look undervalued but this could still take another year plus before happening but it looks like the market is pricing in some shares in 2024 for BHC shareholders. Personally I'm good with buying back the 11.3% they IPO'd and bringing B&L back into the fold. I'd sell Solta but keep B&L...

200DMA 7.80
50DMA 7.55
BHC 8.04
BLCO 14.23
.25 til Golden Cross if the stock holds up. I still think we will test one if not both of those DMA's first but I also expect a good ER.
We could run into the ER. We could POP on the ER and keep running depending on debt reduction/BLCO shares and any court updates...We could also drop after the POP. That is why it's called a market...Trade accordingly

200DMA 7.80
50DMA 7.50
BHC 8.21
BLCO 14.25
Overall market making new highs this past week but these two act like Recession is here...

200DMA 7.79
50DMA 7.46
BHC 8.24
BLCO 14.70
Congress kicked the debt ceiling down the road so now it's Beware the Ides of March...
Get a good ER and POP. Trade accordingly

Got a part of that pullback today down to 7.95 so I took another bite of calls. Still think we could test those DMA's but who knows. Overall market looks topy especially after watching JPM the past few days on a record profit ER. POPPED then DROPPED!!! Banks reactions are part of the overall market, or were before the Mag7...So, I'll play accordingly and BHC is currently 8.15 and BLCO 14.85
200DMA 7.79
50DMA 7.43
So that is tightening

Good start up 3.5% to 8.71
200DMA 7.78
50DMA 7.39
So much for a pull back before that Golden Cross. Still possible but looks like the horses want to RUN...BLCO coming back slowly @ 15.40 less than 2% up.
Giddy Up

It's holding up well with BLCO going down. BLCO @ 15.11 and chart not looking good but BHC @ 8.41 so I lightened my load but still hold a smaller core. Chart looks like a Golden Cross is setting uo with
200DMA @ 7.78
50DMA @ 7.35 and climbing.
It's the BLCO PPS that makes me think a dip will happen before that Golden Cross because of what I've seen with the two stocks and the patterns that had followed until now... Unless the market is FINALLY pricing at least a 50.1% distribution of BLCO shares to BHC shareholders. Then BHC will go a LOT higher and BLCO may keep selling off expecting people to sell their shares ASAP. I own both just in case BHC doesn't give BHC shareholders the crown jewel. We could be in for a bumpy ride with the overall market as it realizes 'we don't need no stinking rate cuts' but maybe another increase. 8-0

THANKS for touching 8.10 today. That was close enough for some reloading. May go lower but I'm ready either direction.

8.31 close which is the low of the day.
200DMA is 7.77
50DMA is 7.28
So how low will it go?!? Probably the 200DMA but even if it doesn't and hangs out here for a while we will get a Golden Cross when that 50DMA crosses over the 200DMA. We shall see...

HIT 8.94 and I traded accordingly. 8.64 at the moment so we will see if it keeps going or falls into patterns as it usually does. Either way I've got some for the ride up and powder to load if it goes down. Good luck =)

Hit 8.55 today then pulled back towards the end to close @8.41Volume on 4.332 million shares traded.
200DMA is 7.76
50DMA is climbing and @ 7.25
Maybe a 3rd day takes us to 8.75 or beyond but most likely a test of the 200DMA before the next leg up but who knows...
BLCO had an 'interesting' day today and was up to 17.20 on approval of TELP but fell all the way to 15.08 supposedly on comments at the JP Morgan conference. volume 1.219 so more than double the average but not a huge amount.

BREAKOUT!!! part deux lol
With an hour still left in the trading day BHC has hit a high of 8.24 and is currently 8.20 on less than 1.6 million shares with less than an hour left to go.
5% is always good even if for no reason. Maybe it's the chart or maybe news next week but anyways it's all good for those who know how to play.
BLCO is currently 16.4

Trading ranges still in effect. I thought the new year might have BHC climb the stairs up for a bit but 7/7.5 to 8/8.50 pattern seems to still be in full effect. Until it isn't and any court case stuff will move it accordingly.

Hit 7.56 today and currently 7.88
50DMA is 7.18
200DMA 7.75
So it tested the 200DMA and is already above. Might hold but I thought it would hit 7.50 before climbing back up. Was close enough to add but not all in. Need to see the first few days of overall market to see if it keeps going and maybe breaks 10 again. BLCO is currently 16.40 so would need that to hit 20 I'd think for BHC to hit 10 but who knows...

BREAKOUT!!! We broke out of the 200DMA today which was 7.75 and closed above 8...Here we go...Will probably test the 200DMA after a run to 8.5-8.75 then the next POP would set up a Golden Cross possibility. Currently the 50DMA is 7.16 so as that gets slower to the 200DMA ahhh BREAKOUT again...A roller coaster til then...IMO and as a WAG. We shall see...

50DMA is 7.13 and 200DMA is 7.76 stock at 7.40 currently.

50DMA is 7.16 and it hit 7.22 so far. Trade accordingly and keep dry powder just in case of collapse.

Hit the 200DMA at 7.80 and then retreated but was just above 7 before the FED signaled 3 rate cuts in 2024. Trade accordingly and one day it will be higher and one day we should get another Golden Cross. Until then I hold a core and flip for freebies on the POPS and drops.

YIKES!!!
Looks like 6.50 coming. Who knows with overall market we could make a new low. Think 5.5 is the 52 week low but what about the seconds it traded all the way down to 4. YIKES!!! Chart doesn't look good. Thought an Inverse Head and Shoulders was going to form at 7.1 but it broke through and in 6.80's now. Earnings was GREAT but the stock PPS is struggling because of lawsuits. I just want my BLCO shares but who knows if that ever happens.
Currently BLCO 16
BHC 6.80
BHC 50 DMA 7.77
200 DMA 7.94
If we POP well above 8 that would set up a nice Golden Cross to end the year/start the new year but it might be a few months before any positive news. Oh well, we shall see...

Sold those yesterday for 7.40 before it popped to almost 8 with 6 million shares traded.

Had to add to flip for freebies with this hitting 7.10
Could go lower but in the middle of an old trading range is too tempting.

BHC 8.29 to 8.54 range and closed @ 8.42
BLCO 18.86 close with high of 19.03 and low 18.40
50 DMA 8.33
200 DMA 7.73

BHC opened lower and went down to 8.26 before climbing back up throughout the day to a high of 8.52
BLCO @ 18.80