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Watch for Shares of Allergan Plc (AGN) to Approach Resistance at $174.95

By Amy Schwartz

Allergan Plc (NYSE:AGN) has opened bullishly above the pivot of $171.00 today and has reached the first level of resistance at $172.96. Investors may be interested in a cross of the next upside pivot targets of $174.95 and $178.90.

In the past 52 weeks, Allergan Plc share prices have been bracketed by a low of $142.81 and a high of $256.80 and are now at $171.32, 20% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.2%.

Potential upside of 20.9% exists for Allergan Plc, based on a current level of $171.32 and analysts' average consensus price target of $207.05. Allergan Plc shares should encounter resistance at the 200-day moving average (MA) of $175.35 and support at the 50-day MA of $157.72.

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 7.1%. We continue to monitor AGN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts allergan plc

Ticker(s): AGN