Mylan is in the buy zone of previous congestion/resistance. The stock is oversold in my opinion and we should see a bounce back towards 76.5 from here. We had move down yesterday on low volume which indicates weakness in the move and buyers should step back in soon.
Look for long entries on open, stops at 66.
Looking on the daily chart price has formed a strong marubozu candlestick. This shows strong selling pressure throughout the session.
I believe we could see $68 where price may bounce and head back towards the 72 level. 68 coincides with the 50 MA.
We can see the current range is basically a copy of the previous range which we broke out of last month (range of $4).