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goodppldonttrade
May 26, 2018 3:54 PM

LONG $TEVA Long

Teva Pharmaceutical Industries LimitedNYSE

Description

From looking at the chart patterns, I believe we will see a somewhat classic cup and handle pattern into the next few months. I am anticipating an upward breakout trend now that WB has increased his stake in the company and increases shareholder confidence . After consecutive bad earnings reports I believe this company will recover due to the modest estimates for next quarter. I also think analysts will increase their one year price targets once they have a positive earnings report. In my opinion a good buy and will be buying in next week after markets close Tuesday.
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