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Buyers Accumulate Shares of Perrigo, Up 1.9%

Published on Mon, 02/04/2013 - 11:39
By Adrienne Chilton

One of today's stocks on the move is Perrigo (NASDAQ:PRGO), up 1.9% to $107.23. The S&P is currently trading 0.7% lower to 1,503 and the Dow Jones Industrial Average is trading 0.8% lower to 13,900.

Perrigo (NASDAQ:PRGO) has potential upside of 10.6% based on a current price of $107.23 and analysts' consensus price target of $118.57. The stock should hit resistance at its 200-day moving average (MA) of $109.29, as well as support at its 50-day MA of $104.01.

Perrigo Company manufactures store brand over-the-counter pharmaceutical products and also manufactures store brand nutritional products. The Company's customers include major national and regional retail drug, supermarket, and mass merchandise chains such as Albertson's, CVS, and Target, and major wholesalers such as Super Valu and McKesson.

Over the past year, Perrigo has traded in a range of $90.18 to $120.78 and is now at $107.23, 19% above that low. The 200-day and 50-day moving averages have moved 0.06% lower and 0.06% lower over the past week, respectively.

By Adrienne Chilton
achilton@fnno.com

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