Swing Trading Long Teva Pharmaceutical Ltd. (TEVA)
It seems to me that trading Long TEVA at this market price level is a good & safe bet.
TEVA has a strong portfolio of generic drugs, and a wide market to sell its medicines; every body is thinking about North America Markets, but Teva is selling very well its generic medicines around the globe.
Today we see as health-care systems are looking for cheap drugs to maintain their aging populations, so generics are the best solution for a sustain their finances.
Just think about it..
Have a nice day..
Ha you think Teva is at a price level that makes it a "good safe bet". You are nuts. Stocks always go much lower than you think. With Copaxane patent expiring and incompetent management, this will see the teens before it sees 40. I said it here first. This will hit the teens in the next several months.