Filed under: Technical Analysis, Teva Pharm Indus ADR (TEVA), Stocks to Buy
Teva Pharmaceutical Industries Ltd. (NASDAQ: TEVA) engages in the development, production, and sale of a range of generic and branded pharmaceuticals, biogenerics, and active pharmaceutical ingredients (APIs) worldwide.
The long-term chart shows a stock that has never been in a bear market.
The recent resistance line is merely a pause in its long-term upward march, and it was broken by heavy buying in April. Teva ran to a new all-time high above $55, and then pulled back on profit-taking.
Continue reading Technical trade #3: Teva Pharmaceutical (TEVA)
Technical trade #3: Teva Pharmaceutical (TEVA) originally appeared on BloggingStocks on Sat, 05 Sep 2009 15:00:00 EST. Please see our terms for use of feeds.
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