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Mylan Has Returned 16.8% Since SmarTrend Recommendation (MYL)

By Nick Russo

SmarTrend identified a Downtrend for Mylan (NASDAQ:MYL) on August 24th, 2016 at $44.39. In approximately 2 months, Mylan has returned 16.77% as of today's recent price of $36.94.

In the past 52 weeks, Mylan share prices have been bracketed by a low of $15.49 and a high of $76.68 and are now at $36.94, 138% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 0.7%.

Mylan, Inc. develops, licenses, manufactures, markets, and distributes generic, brand and branded generic pharmaceutical products and active pharmaceutical ingredients . The Company sells its products to wholesalers, distributors, retail pharmacy chains, mail order pharmacies, group purchasing organizations, and healthcare professionals.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Mylan.

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

Keywords: spotlights Mylan

Ticker(s): MYL