I have been harping on about TEVA for many months now. Look back to older posts on this blog and I have given numerous heads up as well on other blog's. I will be looking to take some off the table in the $60's. TEVA is and has been a core holding for me, so I take profits when warranted, this allows me to add to my position at strategic points.
I do believe it should be on any long term investor's watch list. However for those of you who are looking for a LONG TERM entry point, now is not that point. For the nimble traders it is very viable to play the current strength.
I will post a monthly chart once again. I must say that is one nice long term up trending channel, but it is near the top of its channel, plus MACD and RSI are nearing their respective overbought area's. I have highlighted the chart with buy and sell areas for the long term investor.
Adding to the position once you get in at your desired long term entry point is a discussion I will talk about later, but exponentially increases your gains.
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