TEVA Pharmaceuticals - TEVA - close: 52.43 change: -1.27 stop: 47.95

Why We Like It:
After a strong rally to new all-time highs shares of TEVA look like they're topping out or at least correcting. The $50.00 level was significant resistance so it should now act as support. We want to buy TEVA on a dip in the $50.25-48.00 zone and we'll use a tight stop loss to limit our risk. If triggered at $50.00 our first target is $54.75. Our second target is $59.50. Our time frame is eight to ten weeks.

Annotated chart:

Entry on    August xx at $xx.xx <-- TRIGGER @ 50.25
Change since picked:     + 0.00   			
Earnings Date          11/05/09 (unconfirmed)    
Average Daily Volume:       5.3 million 
Listed on  August 05, 2009