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Bearish Moving Average Cross by Mylan Nv (MYL)

By James Quinn

Mylan Nv (NASDAQ:MYL) crossed under its 10-day moving average of $27.11 on a volume of 4.7 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Mylan Nv have traded between the current low of $25.40 and a high of $47.82 and are now at $25.40. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 0.7%.

SmarTrend is tracking the current trend status for Mylan Nv and will alert subscribers who have MYL in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses mylan nv

Ticker(s): MYL