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Allergan Earnings Review: 19 Days after Announcement Shares Up 0.7% (AGN)May 20, 2013 (SmarTrend(R) News Watch via COMTEX) -- When Allergan (AMEX:AGN) reported earnings two weeks ago on May 1st, 2013, analysts, on average, expected the company to report earnings of $0.96 on sales of $1.4 billion. The company actually reported EPS of $0.98 on sales of $1.5 billion, beating EPS estimates by $0.02 and beating revenue estimates by $15.0 million. Shares of Allergan have climbed from $100.71 to $101.41, representing a gain of 0.7% since the company reported earnings 19 days ago. Allergan share prices have moved between a 52-week high of $116.45 and a 52-week low of $81.28 and are now trading 25% above that low price at $101.41 per share. The 200-day and 50-day moving averages have moved 0.45% higher and 0.7% lower over the past week, respectively. SmarTrend recommended that its subscribers protect gains by selling shares of Allergan on April 25th, 2013 by issuing a Downtrend alert when the shares were trading at $111.16. Since that call, shares of Allergan have fallen 8.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. 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 |