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Bausch

Bausch + Lomb | BLCO | Long at $16.02Bausch + Lomb NYSE:BLCO , a strong name in the eye health world, is trading within my historical simple moving average area and appears to be gaining upward momentum. I usually do not like to enter companies this earlier (more data is always better), but this company has very strong earnings and a solid track record. Earnings are forecasted to grow 57% per year and it's trading at a good value compared to its peers (price-to-book: 0.87x, price-to-sales: 1.17x). Low debt-to-equity (0.74x). Product exposure is across the globe and revenue was $4.8 billion in FY2024. Profitability has fluctuated over the years, and tariffs or other global trade issues are always a concern. Also, it's very early in this stock's history to gauge future performance. I would not exclude a call to the $14.00 area in the near-term, so there absolutely risks with this pick. But, at $16.02, NYSE:BLCO is in a personal buy zone. Targets: $17.50 $20.00
NYSE:BLCOLong
by WorthlessViews
BAUSCH Elliott Wave View: Pullbacks Should Remain Supported Good afternoon Traders, BHC short-term Elliott wave analysis suggests that the pullback to $20.28 low ended black wave ((2)) pullback. Up from there, it is in a possible 5 waves Elliott Wave structure higher. The first leg higher in black wave ((i)) ended at 09/13 peak (24.13). The internal structure of that move unfolded as a 5 wave impulse. It ended blue wave (i) at 09/11 peak (20.98), wave (ii) pullback at 09/11 low (20.67). Above from there, it ended the wave (iii) at 09/12 peak (24.12). Below from there it ended blue wave (iv) pullback at 09/12 low (23.22) and above from there it ended blue wave (v) of black wave ((i)) at 09/13 peak (24.12). Below from there, it ended black wave ((ii)) pullback at 09/17 low (22.07). The internals of that pullback unfolded as an Elliott Wave double correction in blue wave (w)-(x)-(y). Up from there it ended black wave ((iii)) at 09/21 peak (25.26) and the pullback in black wave ((iv)) at 09/25 low (24.32) after reaching the 100-123.6% extension area from 09/21 peak. And any long trades from that area (blue box) should be risk free by now. As long as it does not break 09/21 peak (black wave (( iii )) ), a double correction lower in black wave ((iv)) can't be ruled out. As long as the pivot at 20.09 stays intact we expect the stock to extend higher and we don’t like selling it because the right side is to the upside.
NYSE:BHCLong
by Elliottwave-Forecast
BHC Elliott Wave Analysis: Larger Correction Taking Place?Hello Traders, In this Elliott Wave Analysis, we will have a look at the Bausch Health stock. BHC ended the cycle from 03/01/18 (14.45) low at the peak of 06/13/18 (27.77) in black wave ((1)). Below from there the stock is currently correcting the cycle from 03/01/18 low in 3-7 or 11 swings in black wave ((2)) before more upside can be seen. Near-term BHC ended the cycle from 06/13/18 peak at the low of 06/25/18 (22.39) in blue wave (W). The internals of blue wave (W) unfolded has Elliott Wave Zigzag structure which ended red wave A at 06/19/18 low (22.96), red wave B pullback at 06/21/18 peak (25) and red wave C of blue wave (W) at 06/25/18 (22.40). Up from there, it ended blue wave (X) pullback at 07/13/18 peak (24.45). Below from that peak, it ended the cycle from 07/13/18 at 08/01/18 low (21.46) in red wave W. The internals of that move unfolded has a Elliott Wave double correction where it ended black wave ((w)) at 07/16/18 low (22.49) and black wave ((x)) pullback at 07/18/18 peak (23.55). Below from there, it ended black wave ((y)) of red wave W at 08/01/18 low (21.46). Up from there, it is in the process of correcting the cycle from 07/13/18 peak in 3-7 or 11 swings in red wave X before the next extension lower can be seen. As long as the pivot at 24.45 peak in our distribution system stays intact, we expect it to extend lower. We don’t like buying it.
NYSE:BHCShort
by Elliottwave-Forecast
($BHC )Bausch health (VRX) jammed triangle Simple update today for ex-Valeant (VRX) now Bausch Health. We have a a triangle with squeezed volatility. Positions can me taken once the edges will be broken. As for now we are really closed to the lower line at 22,26 dollars. At the moment watch and wait would be the most logic solution. Aggresive traders can take long position with SL lower than 22, 26, but it might be somewhat risky (because secondary main trand is bearish). RSI is quite down but at the moment there are no divergences suggesting a trend inversion (bullish).
NYSE:BHC
by TRADOMICS_