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Stock Pick of the Day - Teva Pharmaceutical Ind.
Mar 19, 2010

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Larry Swing

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Stock Pick of the Day

Teva Pharmaceutical Industries)

Closing Price: $62.01

RSI: 59.69

MACD: 0.77

Teva Pharmaceutical Industries) was among the large-cap drug stocks to gain in morning trading on Thursday, gaining on news that it plans to buy German generic drug-maker Ratiopharm Group International for $5 billion. Teva Pharmaceutical Industries (TEVA) gained 3.45% to $62.01 by closing on Thursday.

Teva Pharmaceutical Industries (TEVA), which had breached above its 200 day MA in the closing hour of trading on Wednesday, built up on those gains after a gap-up opening on Thursday morning. Teva Pharmaceutical Industries (TEVA) is the top producer in the world of the generic pharmaceuticals. Teva Pharmacautical Industries (TEVA) is all set to rally on the buyout news.

 

 

 

 

 

 

 

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by Larry Swing
larry@mrswing.com
May the swing be with you...

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