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Mylan Nv Bearish Moving Average Crossover Alert (MYL)

By James Quinn

Mylan Nv (NASDAQ:MYL) crossed under its 10-day moving average of $19.19 on a volume of 3.4 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, Mylan Nv share prices have been bracketed by a low of $16.63 and a high of $42.50 and are now at $18.24, 10% above that low price. The 200-day and 50-day moving averages have moved 0.69% lower and 0.77% higher over the past week, respectively.

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