Premium & Expert Swing Trades
Update to current position trade with Teva:
Close Teva position out at market currently 12.43
Even though the worst is likely over, the market is not being conducive to see a rebound with a stock that is appearing to undergo a lawsuit.
It could see buyers step in this afternoon, but with the market conditions not worth taking the chance here. If you want to see if it finds support here I would caution a break of 12.10 which can push the stock lower. Nothing wrong with placing a stop loss order around 12.25 giving it a chance to recover today, but this is not one to let run.
If the market was going to buy it up they would have already and that is not happening.