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Look for Shares of Teva Pharmaceutical Industries to Potentially Rebound after Yesterday's 3.68% Sell Off

By Shiri Gupta

Teva Pharmaceutical Industries (NASDAQ:TEVA) traded in a range yesterday that spanned from a low of $30.91 to a high of $31.94. Yesterday, the shares fell 3.7%, which took the trading range below the 3-day low of $31.90 on volume of 5.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Over the past year, Teva Pharmaceutical Industrieshas traded in a range of $30.99 to $72.31 and are now at $31.02. 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%.

Keywords: rebounders Teva Pharmaceutical Industries

Ticker(s): TEVA