Dec '24 • 💡 Trade Ideas
Trade Idea: Teva Pharmaceuticals Inc. (TEVA)
Trade Type: Swing Trade
Grade: B
Entry Criteria: Price opens at or below $21.06
Entry: Buy stop limit at $21.06
Target 1: $22.11
Target 2: $23.17
Target 3: $24.22
Target 4: $25.27
Target 5: Trailing Stop.
Hard Stop: 4 hour close below $19.03
Rationale: Teva Pharmaceuticals stock gapped up on Tuesday following positive phase 2b trial results for their IBD treatment. The results showed significant improvement in remission rates.
Comments: The beauty of swing trading is that you don’t need to be in front of a chart all day and can instead just check it once or twice a day. To learn how to execute this trade with precision and how to size the trade accordingly, I highly recommend watching my free tutorial on how to trade this specific strategy.
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Trade Idea: Teva Pharmaceuticals Inc. (TEVA)
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