Teva Pharmaceutical Industries: The Trend Continues Higher (TEVA)

Posted on: Tue, 09 Feb 2010 11:13:04 EST

Symbols: TEVA

Feb 09, 2010 (SmarTrend(R) Spotlight via COMTEX) --

SmarTrend identified an Uptrend for Teva Pharmaceutical Industries (NASDAQ: TEVA | PowerRating) on November 06, 2009 at $51.72. In approximately 3 months, Teva Pharmaceutical Industries has returned 10.7% as of today's recent price of $57.23.

Teva Pharmaceutical Industries is currently above its 50-day moving average of $55.80 and above its 200-day moving average of $51.19. Look for these moving averages to climb to confirm the company's upward momentum.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Teva Pharmaceutical Industries shares.

Write to Chip Brian at cbrian@tradethetrend.com

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For full details on Teva Pharm Ind (TEVA) TEVA. Teva Pharm Ind (TEVA) has Short Term PowerRatings at TradingMarkets. Details on Teva Pharm Ind (TEVA) Short Term PowerRatings is available at This Link.

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