user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 417747 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Next Support Level for Mylan (MYL) is $27.54

Published on Tue, 01/08/2013 - 13:37
By Robert Cotter

Shares of Mylan (NASDAQ:MYL) opened today below their pivot of $27.93 and have already reached the first level of support at $27.73. Analysts will be watching for a cross of the next downside pivot targets of $27.54 and $27.15.

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.

In the past 52 weeks, shares of Mylan have traded between a low of $15.49 and a high of $28.50 and are now at $27.60, which is 78% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.9%.

Potential upside of 7.6% exists for Mylan, based on a current level of $27.60 and analysts' average consensus price target of $29.69. The stock should find initial support at its 50-day moving average (MA) of $26.77 and further support at its 200-day MA of $23.66.

By Robert Cotter
rcotter@fnno.com

Latest News from FNNO

Recent 52-Week Low Surpassed in Shares o...

Walter Energy (NYSE:WLT) traded today at a new 52-week low of $2.68. Approximately 6.7 ...

Shares of WellPoint Have Risen Above Pre...

WellPoint (NYSE:WLP) traded at a new 52-week high today of $124.48. This new high was ...

Walter Investment Management Looks to Co...

Shares of Walter Investment Management (AMEX:WAC) traded today at $22.95, breaking its ...

Shares of Volcano Fall Below Previous 52...

Volcano (NASDAQ:VOLC) traded today at a new 52-week low of $11.09. This new low was re ...

Shares of Meridian Bioscience Fall to a ...

Meridian Bioscience (NASDAQ:VIVO) traded at a new 52-week low today of $17.90. So far ...

Vale: The Losing Streak Continues (VALE)...

Vale (NASDAQ:VALE) traded today at a new 52-week low of $11.35. So far today approxima ...

United Therapeutics: The Winning Streak ...

United Therapeutics (NASDAQ:UTHR) traded today at a new 52-week high of $132.78. So fa ...

Tupperware Brands: New 52-Week Low Set T...

Shares of Tupperware Brands (NYSE:TUP) traded today at $71.85, breaking its 52-week low ...