Don't Ignore This Chart!

Allergan (AGN) Thrusts To Fresh Three Month Highs


Allergan put on a nice move over the last two days on news that Carl Icahn was in the stock with David Tepper. A big volume surge of 10 million shares over two days suggests more than a passing interest in this stock. 

As pharmaceutical stocks seem to be enjoying renewed attention, this particular gain is big. This stock showed up on Thursday in the big movers on the home page. I covered off the home page idea generator on The Final Bar 2018-06-08 and specifically mentioned Allergan. You can see that video below. 

I host a new TV show on called The Final Bar. It airs Thursdays at 5 PM ET and is repeated throughout the week on StockCharts TV. You can also catch it on my Vimeo channel or on the YouTube Channel. Here is Thursday's copy. I focused on Consumer discretionary stocks. 

For Canadian investors, I discuss a lot of the variables ($SPX at resistance, Fed meeting, Options expiration etc. ) on the Canadian Technician video recorded earlier this week. 

Have a great weekend and good trading,
Greg Schnell, CMT, MFTA
Senior Technical Analyst,

Book: Stock Charts for Dummies
Twitter: Follow @Schnellinvestor

Greg Schnell
About the author: , CMT, is a Senior Technical Analyst at specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA). Learn More
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