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Allergan Bullish Moving Average Crossover Alert (AGN)

By Shiri Gupta

Allergan (NYSE:AGN) shares have crossed bullishly above their 10-day moving average of $252.43 on a volume of 533K 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, shares of Allergan have traded between a low of $195.50 and a high of $340.34 and are now at $254.36, which is 30% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.1% while the 200-day MA has slid 0.7%.

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 3.8%. 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