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.