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Top Stock #6: Teva Pharmaceutical (TEVA)
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See KeyThe Options Trader’s Guide to Technical Analysis
Teva Pharmaceutical (TEVA) has been in a bull market since 1999.
Its powerful advance makes it an institutional favorite, so whenever it falls to its 50-day moving average, buyers seem to rush to the stock.The recent pullback to the 50-day moving average resulted in the normal buying, but shoved it from a small flag that tells us that the advance will
more than likely continue with a target in the mid-$60s or higher.S&P rates the stock a “five-star strong buy” with a price objective of $70.
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Top 6 Picks for March
Article printed from InvestorPlace Media, http://www.investorplace.com/2010/03/top-etfs-and-stocks-to-buy-for-march/.
©2012 InvestorPlace Media, LLC
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