ENDP is showing significant strength right now
Based on the analysis above in ENDP, traders should determine that their portfolio can handle the additional risk from a new position. Also be sure that ENDP is not significantly correlated with your existing positions. Lastly, experienced traders never ignore how a new addition relates both to the overall market conditions as well as their existing account. For example, check the S&P 500. Is it trending or stationary recently? Has it moved up or down though key levels? Be sure to matvh up your trading actions on ENDP with the overall market so you are fighting the crowd.
Currently the important sentiment levels, evaluated by Traders For Wealth, have shown an increasingly negative bias toward ENDP. Also, the price action in ENDP has been moving up a lot. This is a strong sign for a potential upside contrarian play. Traders should view this as a bullish trade and make sure it aligns with the overall market mood, and their current positions.
Endo Pharmaceuticals (ENDP)
Endo International plc is a global specialty healthcare company focused on branded and generic pharmaceuticals and devices. It operates through four segments: U.S. Branded Pharmaceuticals, U.S. Generic Pharmaceuticals, Devices and International Pharmaceuticals. It has a portfolio of branded pharmaceuticals offered by its U.S. Branded Pharmaceuticals segment that includes brand names, such as Lidoderm, OPANA ER, Voltaren Gel, Percocet, BELBUCA, Fortesta Gel, Testim, Aveed, Supprelin LA, and XIAFLEX. Its non-branded U.S. Generic Pharmaceuticals portfolio consists of tablets, capsules, powders, injectables, liquids, nasal sprays, ophthalmics and patches. The International Pharmaceuticals segment includes various specialty pharmaceutical products for the Canadian, Latin American, South African and world markets. The Company sells generic products primarily in the United States across multiple therapeutic categories.