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Mylan Nv (MYL) Approaches New Upside Target of $19.07

By Nick Russo

Mylan Nv (NASDAQ:MYL) has opened bullishly above the pivot of $18.55 today and has reached the first level of resistance at $18.78. Investors may be interested in a cross of the next upside pivot targets of $19.07 and $19.59.

Mylan Nv share prices have moved between a 52-week high of $42.50 and a 52-week low of $16.63 and are now trading 11% above that low price at $18.47 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 0.8%.

There is potential upside of 166.2% for shares of Mylan Nv based on a current price of $18.47 and an average consensus analyst price target of $49.17. The stock should run into initial resistance at its 50-day moving average (MA) of $19.67 and subsequent resistance at its 200-day MA of $23.43.

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

Keywords: pivot alerts mylan nv

Ticker(s): MYL