TEVA in action
Thursday, November 01, 2007
Shares of Teva Pharmaceutical Industries will be in focus today after analyst M Goodman of Credit Suisse maintains his "outperform" rating, in addition he reduces his estimates for the company. Looking at the daily chart of TEVA, stock have found recently a strong support in its 50 dma, so this is a key factor to pay attention for a possible breakdown. It seems to me that stock maybe able to recover some points from here accrording to CCI indicator, that are giving us some signs of improvement, however only today session can determine the next step that share price will do.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples
Labels: TEVA
