Buy Actavis - An Attractive Value And Growth Play That Is Also A Top Guru Fund Pick
- Biotech investing is like a Casino. Generics offer a less manic alternative, with Actavis the poster child, attractive from both a value and growth perspective.
- Actavis is also a top large-cap pick among leading funds that heavily accumulated shares in the latest 4Q/2013, and added to their holdings in each of the past four quarters.
- Given that the stock is in a downtrend, a scaling-in option, buying the stock in fourths for every $10 drop towards the 200-day moving average is a good option.