by Sam Collins 04/14/08
Teva Pharmaceutical Industries Ltd. (TEVA) -- This global healthcare company that specializes in pharmaceuticals has been in a bull market since 1999. TEVA has been a favorite of The Trade of the Day for more than a year, and during that time it has risen by over 60%.
On Feb. 4, with TEVA at $46.45, we said, "Following the breakout, TEVA consolidated just above the 200-day moving average and recently issued a stochastic buy signal."
Since then, TEVA has picked up impressive volume and is driving against its all-time high. TEVA ran into some profit-taking and since then has consolidated around its 200-day moving average, but the trading target is still $60.
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