July 26, 2013 at 18:23 PM EDT
Some Sector Leaders Clear Buy Points In Mixed Trade
A number of Sector Leaders cleared buy points Friday, but also showed questionable action. Actavis (ACT) rallied 3.86, or 3%, to 132.71. The stock hit a new high and cleared a 133.10 buy point from a flat base. Volume surged more than 100% above average. But the stock closed below the 133.10 trigger, which can in some cases be an ominous sign. The Parsippany, N.J.-based firm is in the process of merging with the Irish drug firm Warner Chilcott
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