TEVA PHARM IND
(TEVA-Nasdaq):
Technical Viewpoint: From a low
of $52.16 on Dec 31, 2009 prices
rallied, reaching a
high of $56.36
on Dec 23, 2009. A
decline saw prices pull back, reaching a
low of
$55.35 on Dec 30, 2009.
Another rally saw prices penetrate
resistance, closing 12/31/09
at $56.18. Technicals: MACD Index (MACD): A Buy Alert!
was given on Dec 24, 2009 when the solid line crossed the dotted line to the upside.
Support: Remains at $55.35. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Dec 23, 2009. A P&F upside
reversal takes place at $53.00. Summary: Technical indicators have turned bullish. BUY! TEVA PHARM IND
(TEVA-Nasdaq) @ $57.13 Stop: Use a protective stop of $54.63.
TEVA PHARM IND is currently trading @ $56.18 plus $0.30 on Dec 31, 2010. Price Objective:
$66.00. Risk/Reward: $2.50 VS. $11.37. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$66.00
Risk/Reward:
$2.50 VS. $11.37
Risk/Reward Ratio:
5:1
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