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Mylan Nv Rises 2.42% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Mylan Nv (NASDAQ:MYL) traded in a range yesterday that spanned from a low of $39.03 to a high of $40.46. Yesterday, the shares gained 2.4%, which took the trading range above the 3-day high of $39.24 on volume of 2.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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

In the past 52 weeks, shares of Mylan Nv have traded between a low of $29.39 and a high of $50.40 and are now at $40.18, which is 37% above that low price. The 200-day and 50-day moving averages have moved 1.03% lower and 0.68% lower over the past week, respectively.

Keywords: rebounders mylan nv

Ticker(s): MYL