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Argan Inc Shares Down 34.4% Since SmarTrend's Sell Call (AGX)

By Amy Schwartz

SmarTrend identified a Downtrend for Argan Inc (NYSE:AGX) on November 15th, 2017 at $61.65. In approximately 6 months, Argan Inc has returned 34.39% as of today's recent price of $40.45.

Argan Inc share prices have moved between a 52-week high of $76.70 and a 52-week low of $36.30 and are now trading 11% above that low price at $40.45 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has slid 0.3%.

Argan, Inc., through its subsidiary, designs and builds energy plants. The Company's energy plants include traditional gas as well as alternative energy including biodiesel, ethanol, and renewable energy sources such as wind power and solar.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Argan Inc.

Log in and add Argan Inc (AGX) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights argan inc

Ticker(s): AGX