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Look for Shares of Allergan Plc to Potentially Rebound after Yesterday's 1.21% Sell Off

By Nick Russo

Allergan Plc (NYSE:AGN) traded in a range yesterday that spanned from a low of $181.61 to a high of $186.54. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $186.98 on volume of 911,000 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 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 17.2%. 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 $209.04 and a 52-week low of $142.81 and are now trading 29% above that low price at $183.77 per share. The 200-day and 50-day moving averages have moved 0.21% higher and 0.24% higher over the past week, respectively.

Keywords: rebounders allergan plc

Ticker(s): AGN