Anthony Jackson
0
All posts from Anthony Jackson
Anthony Jackson in Group,

$TEVA Major Buy Level Approaching

Teva Pharmaceutical Industries Ltd (NYSE:TEVA) is falling 22% today on the back of weak guidance and slowing U.S. sales. This is a monster drop for a stock that has been underperforming for the past two years. So the question is, is there a bounce, swing trade buy level approaching? The answer is yes! The major support comes from a level back in 2004, over 13 years ago. The buy level is $23.85 and can be seen in the chart below. Look for a 10-15% bounce off this technical chart support level within a month or less.

 

View ALL of my trades and Verified performance right now, click here.