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Next Resistance Level for Mylan Nv (MYL) is $38.23

By James Quinn

Mylan Nv (NASDAQ:MYL) has opened bullishly above the pivot of $37.69 today and has reached the first level of resistance at $37.97. Investors may be interested in a cross of the next upside pivot targets of $38.23 and $38.77.

Mylan Nv share prices have moved between a 52-week high of $50.40 and a 52-week low of $29.39 and are now trading 29% above that low price at $37.78 per share. The 200-day and 50-day moving averages have moved 0.02% higher and 0.23% higher over the past week, respectively.

Mylan Nv (NASDAQ:MYL) has potential upside of 30.1% based on a current price of $37.78 and analysts' consensus price target of $49.17. Mylan Nv shares should encounter resistance at the 200-day moving average (MA) of $39.86 and support at the 50-day MA of $37.50.

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.

Keywords: pivot alerts mylan nv

Ticker(s): MYL