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.

 

 

 

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