Price Action Alert: Is Taro Pharmaceutical Industries Ltd.’s Fuel Running Low? The Stock Reaches 1 Year Low Today

Price Action Alert: Is Taro Pharmaceutical Industries Ltd.'s Fuel Running Low? The Stock Reaches 1 Year Low Today

The stock of Taro Pharmaceutical Industries Ltd. (NYSE:TARO) hit a new 52-week low and has $96.15 target or 7.00% below today’s $103.39 share price. The 6 months bearish chart indicates high risk for the $4.32B company. The 1-year low was reported on Oct, 17 by If the $96.15 price target is reached, the company will be worth $302.40M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 79,842 shares traded hands. Taro Pharmaceutical Industries Ltd. (NYSE:TARO) has declined 23.18% since March 14, 2016 and is downtrending. It has underperformed by 28.80% the S&P500.

Analysts await Taro Pharmaceutical Industries Ltd. (NYSE:TARO) to report earnings on November, 1.

According to Zacks Investment Research, “Taro Pharmaceutical Industries is engaged in the production, research and development, and marketing of prescription and over-the-counter pharmaceutical products, with a focus on generic products. In addition to the production of finished dosage form drugs, they also synthesize the pharmaceutical chemicals used in their production. Products are sold through wholesalers, generic drug distributors, drug store chains, mass merchandisers, HMOs, food stores, pharmacies and hospitals.”

More important recent Taro Pharmaceutical Industries Ltd. (NYSE:TARO) news were published by: which released: “RSI Alert: Taro Pharmaceutical Industries (TARO) Now Oversold” on August 24, 2016, also published article titled: “Taro Pharmaceutical Industries Becomes Oversold (TARO)”, published: “Taro Pharma: Seeking A Catalyst” on July 28, 2016. More interesting news about Taro Pharmaceutical Industries Ltd. (NYSE:TARO) was released by: and their article: “Invest Like Vailshire: Taro Pharmaceutical Industries Ltd Is A Hidden Gem” with publication date: September 30, 2015.

TARO Company Profile

Taro Pharmaceutical Industries Ltd. (Taro), incorporated on June 3, 1959, is a science pharmaceutical company. The Firm develops, makes and markets prescription (Rx) and over-the-counter (OTC) pharmaceutical products, primarily in the United States, Canada and Israel. Taro also develops and makes active pharmaceutical ingredients (APIs), primarily for use in its finished dosage form products. The Company’s primary areas of focus include semi-solids formulations, such as creams and ointments, and other dosage forms, such as liquids, capsules and tablets, primarily in the dermatological and topical, cardiovascular, neuropsychiatric and anti-inflammatory therapeutic categories.

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