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Bullish Moving Average Cross by Perrigo (PRGO)

By David Diaz

Perrigo (NASDAQ:PRGO) shares have crossed bullishly above their 10-day moving average of $95.32 on a volume of 365K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Perrigo has traded in a range of $82.50 to $200.96 and is now at $95.45, 16% above that low. Over the past week, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has declined 1.9%.

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

Keywords: moving crosses Perrigo

Ticker(s): PRGO