In my opinion the stock is rallying due to earnings stabilization. The numbers came in yesterday right in line with what Wall Street was expecting. I for one was actually pleasantly surprised because I thought they were going to miss. There was no news really during the quarter to suggest they would have a good earnings report, but it appears as though at least for the moment that Levin has stopped the bleeding. He also indicated during the conference call that his plan is ahead of schedule and really coming together. Perhaps, and I am only saying perhaps we will start to see some positive results from his plan soon. In any event I liked what I heard, but I have to start seeing results also from his plan.
I saw the volume and used this as an opp to sell close to 39.25. It may go higher as someone might know something, but I think more downside than upside. Glad to be out of TEVA. That was a painful trade. Good Luck to u guys. Maybe there will be some good news but it could sell off and give back that gain.