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Recent 52-Week Low Surpassed in Shares of Mylan Nv (MYL)

By Nick Russo

Mylan Nv (NASDAQ:MYL) traded at a new 52-week low today of $21.82. This new low was reached on approximately average trading volume as 5 million shares traded hands, while the average 30-day volume is approximately 4.5 million shares.

There is potential upside of 125.3% for shares of Mylan Nv based on a current price of $21.82 and an average consensus analyst price target of $49.17. Mylan Nv shares should first meet resistance at the 50-day moving average (MA) of $27.43 and find additional resistance at the 200-day MA of $32.07.

Mylan Nv share prices have moved between a 52-week high of $47.82 and the current low of $21.82 and are currently at $21.82 per share. The 200-day and 50-day moving averages have moved 0.47% lower and 1.12% 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.

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 21.8%. 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