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Perrigo Crosses Below its 10-day MA (PRGO)

By Amy Schwartz

Perrigo (NASDAQ:PRGO) shares have crossed bearishly below their 10-day moving average of $74.23 on a volume of 393K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Perrigo share prices have been bracketed by a low of $65.47 and a high of $200.96 and are now at $73.53, 12% 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 subscribers consider buying shares of Perrigo on April 26th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $71.98. Since that recommendation, shares of Perrigo have risen 3.6%. We continue to monitor PRGO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Perrigo

Ticker(s): PRGO