• Return to Headlines

Allergan Plc Crosses Above its 10-day MA (AGN)

By James Quinn

Today, shares of Allergan Plc (NYSE:AGN) have advanced above their 10-day MA of $184.59 on a volume of 288K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Allergan Plc share prices have been bracketed by a low of $142.81 and a high of $237.41 and are now at $185.22, 30% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.4%.

SmarTrend recommended that subscribers consider buying shares of Allergan Plc on May 18th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $159.67. Since that recommendation, shares of Allergan Plc have risen 15.4%. We continue to monitor AGN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses allergan plc

Ticker(s): AGN