Valeant Poised To End Four-Day Losing Streak

Valeant Pharmaceuticals Intl Inc VRX shares are trading higher by $0.78 (3 percent) at $24.52 in Wednesday's session. The issue is attempting to end a four-day losing streak and has been lower in five of its last seven sessions. The two outliers were gains on back-to-back days of $0.39 and $0.14 on September 27 and 28.

Over that course of time, it has fallen from its September 23 close ($27.72) to as low as $23.65 and ended Tuesday's session just off that lower at $23.70.

Off the open, traders may have been focusing on that low as it immediately bottomed at $23.70 and began to move higher. So far, the rally has come up shy of the highs from Tuesday ($24.89) as $24.56 stands as the current intra-day high.

Beyond that level, there may be limited resistance until its September 30 high of $25.54.