VRX Update 081110

Published : August 11 2010 at 18:09 ET

VRX, which we discussed as a pocket pivot buy three days ago, surprisingly holds its 10-day moving average here even as the general market comes apart, as we see in the its daily chart, below. This is a tricky call, as the stock technically can be held, but we would at least use the 10-day moving average as a guide for selling the stock since it could easily continue lower to the 50-day moving average down around 51.95 in a continued general market downtrend from here.

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