Teva Pharma's most recent trend suggests a bullish bias. One trading opportunity on Teva Pharma is a Bull Put Spread using a strike $63.00 short put and a strike $58.00 long put offers a potential 23.15% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $63.00 by expiration. The full premium credit of $0.94 would be kept by the premium seller. The risk of $4.06 would be incurred if the stock dropped below the $58.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Teva Pharma is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Teva Pharma is bullish.
The RSI indicator is at 73.21 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Teva Pharma
3:32 am Teva Pharma prices public offering of ADS's and Conv Pref Shares totaling $6.75 bln
Fri, 04 Dec 2015 08:32:00 GMT
Teva divesting $1 billion in assets to clear Allergan deal
Thu, 03 Dec 2015 18:54:20 GMT
Reuters – Teva agreed in July to purchase Allergan’s generics unit for $40.5 billion in cash and stock, establishing the Israeli company as the largest manufacturer of generic drugs at a time when pharmaceutical benefits managers and insurers are putting increased pressure on drug prices. While small by comparison, a successful divestiture will help ensure that the deal with Allergan is completed as scheduled by the first quarter of 2016, also allowing Allergan to merge with Pfizer Inc (PFE.N) and create the world's largest drugmaker.
Teva divesting $1 billion in assets to clear Allergan deal – sources
Thu, 03 Dec 2015 16:35:43 GMT
Teva divesting $1 bln in assets to clear Allergan deal -sources
Thu, 03 Dec 2015 16:33:47 GMT
Reuters – Teva Pharmaceutical Industries Ltd is in the process of divesting about $1 billion worth of assets to address antitrust concerns over its deal to buy Allergan Plc's generic drugs business, people familiar with the matter said. Teva agreed in July to purchase Allergan's generics unit for $40.5 billion in cash and stock, establishing the Israeli company as the largest manufacturer of generic drugs at a time when pharmaceutical benefits managers and insurers are putting increased pressure on drug prices. While small by comparison, a successful divestiture will help ensure that the deal with Allergan is completed as scheduled by the first quarter of 2016, also allowing Allergan to merge with Pfizer Inc and create the world's largest drugmaker.
Teva Announces Pricing of Public Offerings of American Depositary Shares and Mandatory Convertible Preferred Shares in Connection with Pending Acquisition of Actavis Generics
Thu, 03 Dec 2015 03:56:15 GMT
noodls – JERUSALEM–(BUSINESS WIRE)–Dec. 2, 2015– Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) announced today that it has priced its concurrent offerings totaling $6.75 billion, consisting of 54 …
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