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Look for Shares of Teva Pharmaceutical Industries to Potentially Pullback after Yesterday's 1.03% Rise

By Amy Schwartz

Teva Pharmaceutical Industries (NASDAQ:TEVA) traded in a range yesterday that spanned from a low of $50.66 to a high of $51.63. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $51.10 on volume of 2.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 $51.59, 7% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has slid 0.3%.

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: rebounders Teva Pharmaceutical Industries

Ticker(s): TEVA