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Bearish Moving Average Cross by Perrigo Co Plc (PRGO)

By Nick Russo

Today, shares of Perrigo Co Plc (NYSE:PRGO) have crossed bearishly below their 10-day moving average of $46.21 on a volume of 129K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Perrigo Co Plc has traded in a range of $40.17 to $63.86 and is now at $44.06, 10% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has remained constant.

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.

Keywords: moving crosses perrigo co plc

Ticker(s): PRGO