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Bearish Moving Average Cross by Allergan Plc (AGN)

By David Diaz

Today, shares of Allergan Plc (NYSE:AGN) have fallen below their 10-day MA of $144.69 on a volume of 898K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Allergan Plc has traded in a range of $125.84 to $197.00 and is now at $144.21, 15% above that low. The 200-day and 50-day moving averages have moved 0.28% lower and 0.33% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Allergan Plc and will alert subscribers who have AGN in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses allergan plc

Ticker(s): AGN