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SmarTrend Watching for Potential Rebound in Shares of Mylan Nv After 2.43% Loss

By Amy Schwartz

Mylan Nv (NASDAQ:MYL) traded in a range yesterday that spanned from a low of $31.02 to a high of $32.00. Yesterday, the shares fell 2.4%, which took the trading range below the 3-day low of $31.39 on volume of 1.8 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 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.

Over the past year, Mylan Nv has traded in a range of $29.39 to $50.40 and is now at $31.07, 6% above that low. The 200-day and 50-day moving averages have moved 0.34% lower and 0.93% lower over the past week, respectively.

Keywords: rebounders mylan nv

Ticker(s): MYL