Allergan (AGN) – Bullish DailyPlay for Wednesday August 22nd, 2018

The bullish DailyPlay we chose for Wednesday, Aug 22nd is Allergan (AGN). AGN is part of the Healthcare Sector (XLV). Over the last month, XLV has experienced a 5.12% move higher and its 1m and 6m trend has turned bullish on 7/5 and recently broke above its $90 resistance level which now becomes support.

Allergan’s 1m and 6m trends turned bullish on 7/24 and recently broke above its $190 resistance level which now becomes support. With a technical score of 9 (out of 10), AGN is a strong bullish stock that will likely continue higher.

View this Trade Idea on AGN

As a stop loss, if AGN was to trade below $190 for multiple days, this would invalidate our analysis and suggest getting out of the trade.