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Look for Shares of Teva Pharmaceutical Industries to Potentially Rebound after Yesterday's 1.31% Sell Off

By James Quinn

Teva Pharmaceutical Industries (NASDAQ:TEVA) traded in a range yesterday that spanned from a low of $52.55 to a high of $53.48. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $52.93 on volume of 3.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Teva Pharmaceutical Industries have traded between a low of $48.01 and a high of $72.31 and are now at $52.89, which is 10% above that low price. 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: rebounders Teva Pharmaceutical Industries

Ticker(s): TEVA