Sunday, March 6, 2011

What do Paulson, Soros and Berkowitz See in TEVA?


Three of the greatest hedge fund managers, John Paulson, George Soros and Bruce Berkowitz bought in 2010 shares of TEVA, is it a good buy?

On the chart you can see that TEVA has a very strong support line since the end of 2008, as long as the price will stay above the line we can see that TEVA will reach to 75-80 $

Why I thing TEVA will reach that price? While many of the stocks in S&P 500 rose in 2010 TEVA's stock didn’t have the same performance and was undergoing a correction, therefore I believe when the others will start to decrease TEVA will start to rise. Furthermore, TEVA built a clean upward trend channel so it looks like TEVA will be one of the best stocks in 2011.

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