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After Yesterday's Rally of 1.11% Shares Could Potentially Pullback

By James Quinn

Allergan Plc (NYSE:AGN) traded in a range yesterday that spanned from a low of $187.12 to a high of $190.06. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $188.80 on volume of 673,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Allergan Plc have traded between a low of $142.81 and a high of $237.41 and are now at $189.92, which is 33% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.

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 17.6%. We continue to monitor AGN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders allergan plc

Ticker(s): AGN