This is a serious base forming that is tired of being so low. Just from the technicals and the crossing of some pretty significant moving averages. If we can get a close above 39.68 with some volume in the 10 -12 million range i would confirm a nice consolidation breakout.
Currently it looks like MYL is forming a inverse head and shoulders. I would like to see a nicer pull back for the right shoulder to fully form.
If I get the pullback I would like this setup: Trigger: 38.50 Stop: 36.38 Target: 43.40
If not I will look for a volume breakout and come up with another swing setup
Not
Looks like mylan moved exactly like I wanted it too. Hopefully a pull back is coming
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