Teva Pharma's most recent trend suggests a bullish bias. One trading opportunity on Teva Pharma is a Bull Put Spread using a strike $70.00 short put and a strike $65.00 long put offers a potential 24.07% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.00 by expiration. The full premium credit of $0.97 would be kept by the premium seller. The risk of $4.03 would be incurred if the stock dropped below the $65.00 long put strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Teva Pharma is bearish and the probability of a decline 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 70.59 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Teva Pharma
Teva’s Just the Start as More Generic Drugmakers Poised to Merge
Wed, 05 Aug 2015 09:00:00 GMT
Shire Plc Earnings Q2*, 2015
Tue, 04 Aug 2015 16:05:30 GMT
Teva and Allergan Generics Deal Displays Other Synergies
Tue, 04 Aug 2015 13:07:42 GMT
Merck & Co., Inc. Earnings Analysis: By the Numbers Q2*, 2015
Tue, 04 Aug 2015 11:56:14 GMT
Teva Can Benefit by Acquiring Allergan Generics
Mon, 03 Aug 2015 19:05:09 GMT
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