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Bearish Moving Average Cross by Mylan Nv (MYL)

By David Diaz

Mylan Nv (NASDAQ:MYL) crossed under its 10-day moving average of $40.54 on a volume of 4.5 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 a low of $29.39 and a high of $50.40 and are now at $39.94, which is 36% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.2%.

SmarTrend recommended that subscribers consider buying shares of Mylan Nv on May 17th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $39.75. Since that recommendation, shares of Mylan Nv have risen 4.8%. We continue to monitor MYL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses mylan nv

Ticker(s): MYL