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After Yesterday's Decline of 2.53%, Perrigo Offers Investors Better Value

By Shiri Gupta

Perrigo (NASDAQ:PRGO) traded in a range yesterday that spanned from a low of $70.72 to a high of $73.04. Yesterday, the shares fell 2.5%, which took the trading range below the 3-day low of $72.89 on volume of 839,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Perrigo share prices have moved between a 52-week high of $200.96 and a 52-week low of $65.47 and are now trading 8% above that low price at $70.99 per share. The 200-day and 50-day moving averages have moved 1.18% lower and 1.89% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Perrigo and will alert subscribers who have PRGO in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders Perrigo

Ticker(s): PRGO