Mylan Laboratories (MYL) NewsBite - MYL Hits 52-Week High
Posted: Friday, March 19, 2010 2:31 PM EDT
By: Market Intelligence Center Staff
Mylan Laboratories (NASDAQ: MYL) hit a new 52-Week high of $22.88 so far today. Currently the stock is up $0.29 (1.29%) to $22.65 on 7,159,029 shares traded. Today's high is up $10.99 from a 52-Week Low of $11.66. Mylan Laboratories stock has been showing support around $21.89 and resistance in the $22.65 range. Technical indicators for the stock are bullish and S&P gives MYL a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on MYL the stock seems like it could be a candidate for an October out-of-the-money bull-put credit spread below the 20 range. [ABR-Seven Summits Strategic Investments NewsBite]
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