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Trader's Idea Flow Exits Teva Long Position.

|About: Teva Pharmaceutical Industries Limited (TEVA)
Summary

We generally recommend that trader's choose their own exit points on trades. In this instance we are alerting that we have sold our Teva position.

The overall market risk has increased due to several factors and it is weighing on Teva. The trading bounce in Teva has been muted.

We have exited Teva with a small profit from our entry point at about $17.

Trader's Idea Flow exits Teva (TEVA) long position as overall market risk weighs on the trading bounce that was underway. Teva stock has made a lower low today. We know that there may be further downside for Teva and we were only in this trade for the short-term bounce. Now that bounce is being negated by the overall market sell off. 

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.