This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Breakout Stocks: Warner Chilcott, Alliance

If you're looking for a stock that is breaking out to new all-time highs, look no further than Warner Chilcott (WCRX). This company is a Bermuda-based specialty pharmaceutical company focused on the women's health care and dermatology segments of the U.S. pharmaceutical market.

This stock is just starting to break out to new all-time highs as the shares push through some previous resistance at around $29.25 a share. Helping to fuel this breakout was the company's announcement on Friday that it had completed a loan and debt offering needed to pay a special dividend of $8.50 a share. The dividend will be payable on Sept. 8 to shareholders of record as of Aug. 30.

This stock will most likely push higher into Aug. 30 as some of the bears who're short the stock cover their positions to avoid having to be on the hook for that big dividend. This should create some decent trading opportunities for the fast traders. However, once the dividend is paid out, the stock will probably fall around the same amount of the $8.50 payout.

If you think the strength in Warner Chilcott is real, than I would wait until after Sept. 8 to consider the stock from the long side.
More on Warner Chilcott
2 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
ARLP $16.37 0.00%
VLCCF $0.88 -1.88%
AAPL $95.03 0.21%
FB $116.73 0.00%
GOOG $691.02 0.00%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs