Eye Healthcare Leader Forms Coiled High Tight Flag
Bausch + Lomb (BLCO) shares are coiling tightly in a narrow flag that has consolidated into the rising 55 day MA support and started to bounce off the 19.50 level with a potential target up at monthly value area high of 21.50 for a solid percentage move from here. The stock also is seeing a bull MACD cross point to upside momentum increasing and back in September gapped up strong on reports it is exploring a potential sale as part of an effort to resolve issues related to its separation from parent company Bausch Health, which is burdened with significant debt.