SmarTrend identified an Uptrend for Mylan (NASDAQ:MYL) on July 16th, 2012 at $22.15. In approximately 8 months, Mylan has returned 39.28% as of today's recent price of $30.85.

In the past 52 weeks, shares of Mylan have traded between a low of $15.49 and a high of $31.00 and are now at $30.85, which is 99% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.6%.

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 shifts in the trajectory of Mylan shares.

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