Bearish Moving Average Cross by Teva Pharmaceutical Industries (TEVA)
Today, shares of Teva Pharmaceutical Industries (NASDAQ:TEVA) have crossed bearishly below their 10-day moving average of $50.92 on a volume of 1.4 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, Teva Pharmaceutical Industries has traded in a range of $48.01 to $72.31 and is now at $50.19, 5% above that low. The 200-day and 50-day moving averages have moved 0.32% lower and 0.47% lower over the past week, respectively.
SmarTrend is tracking the current trend status for Teva Pharmaceutical Industries and will alert subscribers who have TEVA in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses Teva Pharmaceutical Industries