Tyco International (TYC) has run up on the rumors that Schneider of France will buy Tyco.
The CEO of Schneider has just confirmed that he has no plans to buy Tyco.
We have lightly scaled in a short sell of Tyco at $49.25. Details of our trading plan on Tyco are available at ZYX SHORT SELL CHANGE ALERTS.
This trade satisfies all six screens of the ZYX Change Method.