Bearish Moving Average Cross by Teva Pharmaceutical Industries (TEVA)
Teva Pharmaceutical Industries (NASDAQ:TEVA) shares have crossed bearishly below their 10-day moving average of $51.22 on a volume of 1.0 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Teva Pharmaceutical Industries share prices have been bracketed by a low of $48.01 and a high of $72.31 and are now at $50.85, 6% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.5%.
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