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TEVA PHARM IND
(TEVA-Nasdaq):
Technical Viewpoint: From a low
of $44.55 on May 1, 2003 prices
rallied, reaching a
high of $48.65
on May 13, 2003. A
decline saw prices pull back, reaching a
low of
$45.30 on May 20, 2003.
Another rally saw prices penetrate
resistance, closing 6/12/03
at $54.91. Technicals: MACD Index (MACD): A Buy Alert!
was given on May 28, 2003 when the solid line crossed the dotted line to the upside.
Support: Remains at $48.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jun 12, 2003. A P&F upside
reversal takes place at $53.50. Summary: Technical indicators have turned bullish. BUY! TEVA PHARM IND
(TEVA-Nasdaq) @ $55.25 Stop: Use a protective stop of $52.75.
TEVA PHARM IND is currently trading @ $54.91 plus $3.34 on Jun 12, 2003. Price Objective:
$66.00. Risk/Reward: $2.50 VS. $10.75. Today's Risk Reward Ratio: 4:1
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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. $10.75
Risk/Reward Ratio:
4:1
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