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Bullish Moving Average Cross by Perrigo (PRGO)

By Amy Schwartz

Perrigo (NASDAQ:PRGO) crossed over its 10-day moving average of $91.85 on a volume of 647K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Perrigo have traded between a low of $84.85 and a high of $200.96 and are now at $92.97, which is 10% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has declined 1.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Perrigo on March 29th, 2016 by issuing a Downtrend alert when the shares were trading at $127.88. Since that call, shares of Perrigo have fallen 29.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Perrigo

Ticker(s): PRGO