A 52 Week High for Perrigo, will it Hold?

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A 52 Week High for Perrigo, will it Hold?

Published on Friday, 29 June 2012 12:34 Written by TradersHuddle Wire

prgo New York, June 29th (TradersHuddle.com) - Shares of Perrigo Company (NASDAQ:PRGO) booked a new 52 week high today by trading above $116.5, traders are definitely monitoring Perrigo's price action to see if this move attracts further buying into the stock.

Perrigo Company (NASDAQ:PRGO) 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

Perrigo is currently trading 2.08% versus its previous trading session close, and it has calculated support and resistance at $96.52 and $116.50 respectively. Clearly, with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range.

The overall market index S&P 500 is trading higher by 1.88% from its previous trading close, which means that Perrigo stock is outperforming the overall market.

Note - Automated Content Created By TradersHuddle's Technical Scanner

Perrigo Company (PRGO): Today's Featured Drugs Laggard - TheStreet.com
Perrigo Receives FDA Approval To Market Mini Nicotine Lozenges - Benzinga
Perrigo Stock Hits New 52-Week High (PRGO) - TheStreet.com
Perrigo Will Buy Assets of Sergeant's Pet Care Products for $285M, Sees Deal Adding $0.20 to EPS in First FY - Benzinga
Perrigo Confirms First To File Patent Challenge For Generic Version Of ProAir HFA Inhalation Aerosol - Benzinga
Perrigo Stock To Go Ex-dividend Tomorrow (PRGO) - TheStreet.com
Perrigo and Tris Pharma Launch Store Brand Version of Delsym - Benzinga
Perrigo Company (PRGO): Today's Featured Drugs Winner - TheStreet.com
UPDATE: Morgan Stanley Downgrades Perrigo Company to Equal-Weight After Shares Rally - Benzinga
UPDATE: Morgan Stanley Downgrades Perrigo; Raises PT - Benzinga

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