Teva Pharma's most recent trend suggests a bullish bias. One trading opportunity on Teva Pharma is a Bull Put Spread using a strike $40.00 short put and a strike $35.00 long put offers a potential 7.3% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $40.00 by expiration. The full premium credit of $0.34 would be kept by the premium seller. The risk of $4.66 would be incurred if the stock dropped below the $35.00 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 76.89 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Teva Pharma
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Thu, 16 Jan 2014 20:45:38 GMT
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Galena Partners With Other Companies And Offers Even More Strength Going Forward
Thu, 16 Jan 2014 20:19:42 GMT
Seeking Alpha – When I first began writing about Galena BioPharma ( GALE ) I found a compelling pipeline of drugs for unmet needs. Specifically, breast cancer, which then happened to hit close to home ,and the company …
[$$] Galena Biopharma Gets a Gateway to Asia
Thu, 16 Jan 2014 12:54:00 GMT
Barrons.com – Galena Biopharma (GALE: Nasdaq) By Roth Capital Partners ($7.24, Jan. 14, 2014) We reiterate our Buy rating on Galena Biopharma and are raising our price target to $12 from $11. We believe that Galena's …
Teva Shares Gain as CFO Signals Appetite for Acquisitions
Wed, 15 Jan 2014 15:41:01 GMT
Bloomberg – Teva Pharmaceutical Industries Ltd. rose to a one-year high after the maker of generic medicines said it plans to return to a deal-making strategy that made it one of the most acquisitive drug companies …
[$$] Teva Shares Rise on New CEO's Board Seat
Wed, 15 Jan 2014 15:02:54 GMT
The Wall Street Journal – Shares of Israel's Teva Pharmaceutical Industries rose more than 6% on news that the company's new chief executive would retain his board seat, along with a favorable legal ruling and a promise of more …
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