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Look for Shares of Allergan Plc to Potentially Rebound after Yesterday's 1.13% Sell Off

By David Diaz

Allergan Plc (NYSE:AGN) traded in a range yesterday that spanned from a low of $158.02 to a high of $159.23. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $158.14 on volume of 1.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Allergan Plc on June 20th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $130.21. Since that recommendation, shares of Allergan Plc have risen 22.8%. We continue to monitor AGN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Allergan Plc share prices have moved between a 52-week high of $197.00 and a 52-week low of $114.27 and are now trading 38% above that low price at $158.22 per share. The 200-day and 50-day moving averages have moved 0.29% lower and 1.49% higher over the past week, respectively.

Keywords: rebounders allergan plc

Ticker(s): AGN