[May 01, 2013] Allergan Falls 13.25% on Heavy Volume: Watch For Potential Rebound Tweet May 01, 2013 (SmarTrend(R) News Watch via COMTEX) -- Allergan (AMEX:AGN) traded in a range yesterday that spanned from a low of $96.77 to a high of $112.85. Yesterday, the shares fell 13.3%, which took the trading range below the 3-day low of $111.06 on volume of 17.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion. In the past 52 weeks, shares of Allergan have traded between a low of $81.28 and a high of $116.45 and are now at $98.50, which is 21% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.3%. SmarTrend is monitoring the recent change of momentum in Allergan. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Allergan in search of a potential trend change. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]