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JLS

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Posts 7863
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Alias Born 12/14/2004

JLS

Re: PennyWorld post# 3116

Monday, 04/29/2019 7:10:41 PM

Monday, April 29, 2019 7:10:41 PM

Post# of 3562
Why I like TEVA up to 17:

Which came first, the bird or the perch?

Given TEVA gets through the brush just below $16 with the help of its coming earnings release it will encounter more brush to get through at $17. But first, it's got to hop over SMA(50) which is just below $16. That's what earnings releases or other positive news events are for -- you know, like some news event helped TEVA hop over SMA(50) this last January. Then it's got more SR trouble at $17 and with SMA(100) before that. But I assume it's going to try to get there, and that's when I bale out of my Long $18 Calls.

Then, baring any great news, TEVA will trade within the $14.50-to-$17ish channel and that's where I get back to trading TEVA CCs.

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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