Israeli stock alert

ISRAEL

CLOSING UPDATE: Teva Pharmaceutical Industries keeps sliding: down 10.2% in 6 days 19 October 2017 18:12 IDT

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 2nd largest chemical, rubber & plastic company by market capitalisation, extended its slide on Thursday, shedding an additional 68.0 agorot (or 1.3%) to trade at NIS50.84. Trading volume was 1.1 times average at the end of the day. The shares have fallen NIS5.76 (or 10.2%) over the past six trading days vs. the TA-25 Index which has fallen 0.7% in the same period.

Technical indicators complementing today's significant downtrend:

+ The negative 3.65 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ The stock has underperformed 99% of the Israel market over the past 6 months.

+ In the last one month the stock has hit a new 52-week low five times and in the last three months twenty times, pointing to a significant downtrend.

+ The present value of NIS1,000 invested one year ago is NIS307 [vs NIS1,004 for the TA-25 Index].

Note

Oversold/Bullish:

The 0.4% premium to 12-month low of NIS50.65 against the 70.0% discount to high of NIS169.40 suggests the decline might be bottoming.

TODAY'S ALERTS

Afternoon Alert: Teva Pharmaceutical Industries decreases 0.6% on firm volume

19 October 2017 14:10 IDT

Teva Pharmaceutical Industries Ltd. (TASE:TEVA) traded on heavy volume of 1.1 times average so far today while the price decreased 32.0 agorot (or 0.6%) to trade at NIS51.20.

Afternoon Alert: Teva Pharmaceutical Industries decreases 0.3%

19 October 2017 12:10 IDT

Teva Pharmaceutical Industries Ltd. (TASE:TEVA) traded on volume of 0.9 times average so far today while the price decreased 18.0 agorot (or 0.3%) to trade at NIS51.34.

RECENT ALERTS

CLOSING UPDATE: Teva Pharmaceutical Industries keeps sliding: down 9.0% in 5 days

18 October 2017 18:13 IDT

Teva Pharmaceutical Industries, Israel's 2nd largest chemical, rubber & plastic company by market capitalisation, extended its slide on Wednesday, shedding an additional 32.0 agorot (or 0.6%) to trade at NIS51.52. Trading volume was 73% of average at the end of the day. The shares have fallen NIS5.08 (or 9.0%) over the past five trading days vs. the TA-25 Index which has risen 0.1% in the same period.

Afternoon Alert: Teva Pharmaceutical Industries increases 0.6%

18 October 2017 14:10 IDT

Teva Pharmaceutical Industries Ltd. (TASE:TEVA) traded on volume of 0.6 times average so far today while the price increased 29.0 agorot (or 0.6%) to trade at NIS52.13.

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

ISIN: IL0006290147

PermID: 4295875158

Source: www.BuySellSignals.com