Teva Pharmaceutical (TEVA) PriceWatch Alert for June 18, 2009
Posted: Thursday, June 18, 2009 8:07 AM EDT
By: Market Intelligence Center Staff
Teva Pharmaceutical (NasdaqNM: TEVA) closed yesterday at $47.77. So far the stock has hit a 52-week low of $35.89 and 52-week high of $49.15. Teva Pharmaceutical stock has been showing support around 47.20 and resistance in the 48.78 range. Technical indicators for the stock are Bullish and S&P gives TEVA a very positive 5 STAR (out of 5) strong buy rating. TEVA appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Sep '09 50 covered call (TVQ IJ) for a net debit in the $46.57 area. That is also the break even stock price for this trade. This covered call has a 93 day duration, provides 2.51% downside protection and a 7.37% assigned return rate for a 28.91% annualized return rate (comparison purposes only). Teva Pharmaceutical has a current annual dividend yield of 0.91%. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]
CLICK HERE: FREE Teva Pharmaceutical (TEVA) Stock ReportSee what our analysts have uncovered about Teva Pharmaceutical (TEVA).