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Mylan Nv Crosses Below its 10-day MA (MYL)

By James Quinn

Mylan Nv (NASDAQ:MYL) shares have crossed bearishly below their 10-day moving average of $42.10 on a volume of 669K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Mylan Nv has traded in a range of $29.39 to $50.40 and is now at $42.00, 43% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 0.7%.

SmarTrend is monitoring the recent change of momentum in Mylan Nv. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Mylan Nv in search of a potential trend change.

Keywords: moving crosses mylan nv

Ticker(s): MYL