Buying Teva is hedged by selling Micron.
Buying shares of Teva Pharma Industries (#TEVA), an Israelian transnational pharmaceutical company.
On the weekly chart, the signal line of the Marlin oscillator reached the positive zone at the close of the trading session yesterday. After a false breakout below the Kruzenshtern line, the price has started to rise.
On the weekly chart, the price consolidated above the balance line. The Marlin oscillator is headed upward in the positive zone. The Kruzenshtern line - the trend indicator - is reversing upward. The quote is expected to rise to the target of 10.85 - the low as of February 25, 202, June 13, 2020, and the high as of May 3, 2021. If the price goes above the first target, it is likely to rise to 11.51 - the high as of June 10.
Selling shares of Micron Technology (#MU), a semiconductor company.
Micron shares have been bearish for a while. The price has consolidated below the Kruzenshtern line, indicating a possible continuation of the downward trend. The Marlin oscillator is also headed down. The target is seen around 62.62 - the lower boundary of the price channel.
