Valeant Pharma Sinks No New Low

Valeant Pharma Inc.

shares are trading lower by $0.90 at $21.62 in Tuesday's session. After a flat open, it attempted to rally but found resistance one penny above Monday's high at $22,91 and reversed course. The ensuing decline has surapssed its former low for the move ($21,77), reaching $21.41 and is i not far off that low. That puts the issue back at level not seen August 25, 2010 when it bottomed at $20.98.