Israeli stock alert

ISRAEL

CLOSING UPDATE: Teva Pharmaceutical Industries sinks 4.3%, led market lower 18 January 2018 17:34 IST

NEWS BITES - MIDDLE EAST & NORTH AFRICA

This is an end of day Alert, produced after today's Israel market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Teva Pharmaceutical Industries, Israel's largest chemical, rubber & plastic company by market capitalisation, has sunk 4.3% to trade at NIS69.78 vs. the TA-25 Index which weakened 0.2 points (or 0.01%) to 1,534.9. Representing a weighting of about 14.8% of the index, the stock accounted for the loss. Trading volume was 3.8 times average at the end of the day. Compared with the TA-25 Index which fell 0.2 points (or 0.01%) in the day, this represented a relative price change of -4.3%.

Technical indicators complementing today's significant downtrend:

+ In the last three months the stock has hit a new 52-week low eight times, pointing to a significant downtrend.

+ The price dropped 2.9% in the last week.

+ The present value of NIS1,000 invested one year ago is NIS543 [vs NIS1,066 for the TA-25 Index].

Note

Teva Pharmaceutical Industries today is at a discount of 50.2% to the 12-month high of NIS140.20 on 21 Feb, 2017. It is at a premium of 82.7% to the 12-month low of NIS38.20 on 02 Nov, 2017.

Bullish Signals:

The positive 3.7 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

TODAY'S ALERTS

Afternoon Alert: Teva Pharmaceutical Industries decreases 0.1% on firm volume

18 January 2018 13:10 IST

Teva Pharmaceutical Industries Ltd. (TASE:TEVA) traded on heavy volume of 1.2 times average so far today while the price decreased 5.0 agorot (or 0.1%) to trade at NIS72.85.

Morning Alert: Teva Pharmaceutical Industries increases 0.3%

18 January 2018 11:11 IST

Teva Pharmaceutical Industries Ltd. (TASE:TEVA) traded on volume of 0.7 times average so far today while the price increased 23.0 agorot (or 0.3%) to trade at NIS73.13.

RECENT ALERTS

CLOSING UPDATE: Teva Pharmaceutical Industries decreases further 0.7%, led market lower

17 January 2018 17:35 IST

Teva Pharmaceutical Industries, Israel's largest chemical, rubber & plastic company by market capitalisation, has dropped 3.6% to trade at NIS72.90 vs. the TA-25 Index which weakened 7.9 points (or 0.5%) to 1,535.0. Representing a weighting of about 15.3% of the index, the stock accounted for the loss. Trading volume was 77% of average at the end of the day. Compared with the TA-25 Index which fell 7.9 points (or 0.5%) in the day, this represented a relative price change of -3.1%.

Afternoon Alert: Teva Pharmaceutical Industries drops 2.9%, leads market lower

17 January 2018 13:11 IST

Teva Pharmaceutical Industries Ltd. (TASE:TEVA) has dropped 2.9% to trade at NIS73.43 vs. the TA-25 Index which weakened 10.3 points (or 0.7%) to 1,532.6. Representing a weighting of about 15.4% of the index, the stock accounted for 66.0% of today's loss. Trading volume was 1.2 times average so far today.

Teva Pharmaceutical Industries Ltd. (TV:TEVA; TLV:TEVA; TA:TEVA; TA:TEVA; IT:TEVA)

ISIN: IL0006290147

PermID: 4295875158

Source: www.BuySellSignals.com