( Monday close ) Chart courtesy of stockcharts

TEVA shares are very active today after Wyeth said on Monday it will sue generic drugmaker Teva Pharmaceutical Industries (TEVA) to recover lost profits from sales of its heartburn drug Protonix due to a version from Teva. Looking at the daily chart of TEVA, stock has been trading in a clear Bull Market, with share price above its 50 and 200 daily moving average. On Monday, stock broke one of the most important resistances at $40 giving a big step to move up again. So, stay tuned on this stock, because chart is showing a very bullish momentum. The major support is now at the previous breakout area "$40".

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