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TEVA PHARM IND
(TEVA-Nasdaq):
Technical Viewpoint: From a low
of $66.72 on Sep 24, 2002 prices
rallied, reaching a
high of $69.94
on Sep 30, 2002. A
decline saw prices pull back, reaching a
low of
$64.26 on Oct 16, 2002.
Another rally saw prices penetrate
resistance, closing 10/29/02
at $71.05. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 23, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $70.00. Resistance: Is at $74.35.
Point & Figure: Reversed to the upside on Oct 21, 2002. A P&F upside
reversal takes place at $68.00. Summary: Technical indicators have turned bullish. BUY! TEVA PHARM IND
(TEVA-Nasdaq) @ $71.50 Stop: Use a protective stop of $69.13.
TEVA PHARM IND is currently trading @ $71.05 plus $2.23 on Oct 29, 2002. Price Objective:
$83.75. Risk/Reward: $2.50 VS. $12.25. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$83.75
Risk/Reward:
$2.50 VS. $12.25
Risk/Reward Ratio:
6:1
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