Trading Mylan: Look Out for This Key Level

We last reviewed the charts of drug maker Mylan N.V. (MYL)  at the beginning of May, and we boiled down our advice to: "If you can afford to risk below $34, I would probe the long side of MYL here. If short, I would cover. Add on strength above $41."

Prices held steady until the end of July when another round of selling knocked prices down to around $30. Our strategy was successful until it wasn't. No investment approach is 100% perfect. Now that the stock has readjusted to a new lower price level and has firmed the past couple of weeks, another review of MYL is in order....299 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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