Valeant Pharma Approaches Low Of Move

Valeant Pharmaceuticals Intl Inc VRX shares are trading lower by $0.83 at $26.24 in Thursday's session. Liquidity concerns continue to surround the company.

The issue is trading lower for the fifth day in a row and putting together a three-day rally in its three session prior. Over that period, it has declined from its March 23 close ($33.43) to its current level.

At this time, it has found intraday support at $26.03, which is just ahead of the low for the recent move at $25.99, and has rallied into the mid $26 handle.