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Mallinckrodt Has Returned 20.5% Since SmarTrend Recommendation (MNK)

By David Diaz

SmarTrend identified an Uptrend for Mallinckrodt (NYSE:MNK) on May 15th, 2018 at $15.78. In approximately 4 weeks, Mallinckrodt has returned 20.54% as of today's recent price of $19.01.

In the past 52 weeks, shares of Mallinckrodt have traded between a low of $11.65 and a high of $49.12 and are now at $19.01, which is 63% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has advanced 2.1%.

Mallinckrodt PLC develops, manufactures, and markets specialty pharmaceutical products and diagnostic imaging agents. The Company specializes in the manufacturing of pain management medications. Mallinckrodt offers its products to major wholesalers and retail drug store chains around the world.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Mallinckrodt shares.

Log in and add Mallinckrodt (MNK) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights mallinckrodt

Ticker(s): MNK