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SmarTrend Watching for Potential Pullback in Shares of Allergan Plc After 1.77% Gain

By James Quinn

Allergan Plc (NYSE:AGN) traded in a range yesterday that spanned from a low of $169.90 to a high of $174.29. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $173.94 on volume of 1.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Allergan Plc share prices have moved between a 52-week high of $256.80 and a 52-week low of $142.81 and are now trading 21% above that low price at $173.30 per share. The 200-day and 50-day moving averages have moved 0.44% lower and 0.21% higher over the past week, respectively.

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 6.6%. 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