Teva Pharmaceutical Industries (TEVA) Completes This Bullish Retrace

Shares of Teva Pharmaceutical Industries Ltd (NYSE:TEVA) ran from $15.00 to $20.00 in two days, just over a week ago. Since then, the stock has gradually pulled back. This price action is known as consolidation and an inside-bar bullish setup. The inside-bar bullish setup is almost complete with Teva Pharmaceutical Industries kissing the daily 20 moving average at $16.75. This is where it should begin to form some sort of base and begin its next leg up. I am very bullish on Teva Pharmaceutical Industries, especially after they landed a new CEO and saw some analyst upgrades. I believe the stock will see $25 by early 2018.





Gareth Soloway

InTheMoneyStocks