Allergan plc. (AGN) : Traders are bullish on Allergan plc. (AGN) as it has outperformed the S&P 500 by a wide margin of 1.28% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.45%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.41% in the last 1 week, and is up 1.67% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Allergan plc is up 10.31% in the last 3-month period. Year-to-Date the stock performance stands at -19%. The stock has recorded a 20-day Moving Average of 0.3% and the 50-Day Moving Average is 4%.
Allergan plc. (NYSE:AGN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $253.22 and $251.22 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $254.15. The buying momentum continued till the end and the stock did not give up its gains. It closed at $253.14, notching a gain of 0.08% for the day. The total traded volume was 1,989,133 . The stock had closed at $252.93 on the previous day.
Also, In the latest statement by the brokerage house, Mizuho Securities upgrades its outlook on Allergan plc. (NYSE:AGN). The current rating of the shares is Buy, according to the research report released by the firm. Previously, the company had a rating of Neutral. The rating by the firm was issued on August 19, 2016.