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Buyers Accumulate Shares of Mylan, Up 1.9%

Published on Fri, 02/01/2013 - 11:24
By Adrienne Chilton

One of today's notable stocks on the rise is Mylan (NASDAQ:MYL), up 1.9% to $28.82. The Dow is up 0.9% to 13,992 and the S&P is currently up 0.7% to 1,509.

In the past 52 weeks, Mylan share prices have been bracketed by a low of $15.49 and a high of $28.85 and are now at $28.82, 86% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.5%.

There is potential upside of 5.0% for shares of Mylan based on a current price of $28.82 and an average consensus analyst price target of $30.27. Mylan shares have support at the 50-day moving average (MA) of $27.67 and additional support at the 200-day MA of $24.10.

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.

By Adrienne Chilton