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Perrigo Co Plc Set to Possibly Rebound After Yesterday's Selloff of 2.62%

By Amy Schwartz

Perrigo Co Plc (NYSE:PRGO) traded in a range yesterday that spanned from a low of $73.54 to a high of $75.47. Yesterday, the shares fell 2.6%, which took the trading range below the 3-day low of $73.55 on volume of 557,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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

Over the past year, Perrigo Co Plc has traded in a range of $67.53 to $95.93 and is now at $73.76, 9% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.2%.

Keywords: rebounders perrigo co plc

Ticker(s): PRGO