• Return to Headlines

Mylan Nv: New 52-Week Low Set Today (MYL)

By Nick Russo

Shares of Mylan Nv (NASDAQ:MYL) traded at a new 52-week low today of $21.21. This new low was reached on below average trading volume as 2.8 million shares traded hands, while the average 30-day volume is approximately 6.8 million shares.

In the past 52 weeks, shares of Mylan Nv have traded between the current low of $21.21 and a high of $42.50 and are now at $21.21. The 200-day and 50-day moving averages have moved 0.97% lower and 2.07% lower over the past week, respectively.

Mylan N.V., together with its subsidiaries, develops, licenses, manufactures, markets, and distributes generic, brand name, and over-the-counter (OTC) products worldwide.

Mylan Nv (NASDAQ:MYL) has potential upside of 131.8% based on a current price of $21.21 and analysts' consensus price target of $49.17. Mylan Nv shares should first meet resistance at the 50-day moving average (MA) of $27.10 and find additional resistance at the 200-day MA of $31.87.

SmarTrend recommended that its subscribers protect gains by selling shares of Mylan Nv on February 27th, 2019 by issuing a Downtrend alert when the shares were trading at $27.53. Since that call, shares of Mylan Nv have fallen 19.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows mylan nv

Ticker(s): MYL