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Afternoon Alert: Bellus Health plummets 11.4% 01 March 2017 13:57 EST

Mar 01, 2017 - News Bites Canadian Markets


BELLUS Health Inc. (TSX:BLU), Canada's 36th largest Biotechnology company by market cap, has tumbled 8.6% after hitting the upper Bollinger Band four times in the last ten days. The upper Bollinger Band marks the trajectory of resistance on a stock price. This is a bearish signal. The stock price has tumbled 3.0c (8.6%) from its last trading session of February 28 to close at 32.0c. Compared with the S&P/TSX 60 Index which rose 11.1 points (1.2%) in the day, the...