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Allergan Bullish Moving Average Crossover Alert (AGN)

By David Diaz

Allergan (NYSE:AGN) shares have crossed bullishly above their 10-day moving average of $252.26 on a volume of 683K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Allergan share prices have moved between a 52-week high of $340.34 and a 52-week low of $195.50 and are now trading 30% above that low price at $254.61 per share. The 200-day and 50-day moving averages have moved 0.71% lower and 2.11% lower over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Allergan on July 13th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $243.07. Since that recommendation, shares of Allergan have risen 3.2%. We continue to monitor AGN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Allergan

Ticker(s): AGN