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November 7, 2009
Chart Of The Day: Teva Pharmaceutical (TEVA)
February 13, 2007By Sam Collins
Teva Pharmaceutical Industries Ltd. (TEVA)--This global healthcare company specializing in pharmaceuticals has taken a real beating along with most of the others in its sector. The Chart of the Day reviewed TEVA several times last year but the stock never fulfilled its potential. Now, however, it has signaled the third proprietary buy signal (Collins Bollinger Reversal), and this comes after a triple-bottom with a succession of closes above the 200-day moving average. A breakout above $36 has a target of $42.
Sam Collins is ChangeWave's Chief Technical Analyst and a Registered Investment Adviser who manages portfolios for a fee. He can be reached at samailc@cox.net.
