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Allergan Bullish Moving Average Crossover Alert (AGN)

By James Quinn

Today, shares of Allergan (NYSE:AGN) have crossed bullishly above their 10-day moving average of $238.36 on a volume of 264K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Allergan share prices have been bracketed by a low of $184.50 and a high of $340.34 and are now at $239.35, 30% above that low price. 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 December 27th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $200.85. Since that recommendation, shares of Allergan have risen 18.3%. 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