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Look for Shares of Perrigo Co Plc to Potentially Rebound after Yesterday's 14.61% Sell Off

By James Quinn

Perrigo Co Plc (NYSE:PRGO) traded in a range yesterday that spanned from a low of $63.81 to a high of $68.49. Yesterday, the shares fell 14.6%, which took the trading range below the 3-day low of $71.29 on volume of 4.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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

Over the past year, Perrigo Co Plchas traded in a range of $63.84 to $95.93 and are now at $64.04. The 200-day and 50-day moving averages have moved 0.38% lower and 0.07% lower over the past week, respectively.

Keywords: rebounders perrigo co plc

Ticker(s): PRGO