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Allergan Inc. Message Board

  • foxeelicious foxeelicious Sep 18, 2012 12:10 PM Flag

    Any Ideas for Top for AGN

    A couple of months ago picked up some shares around $84-86, and wondering what people think on

    the top on this run. I am kind of figuring to sell into any rally up to $92-93, and then wait for a new dip.

    I kind of feel that blue chip pharma is okay to park some money with the troubled world and just work

    this company with the rips and dips. How people feel about where this is headed. Thanks.

    Sentiment: Buy

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    • I am not one of those "technical, chart analysis type of investors"; however, even from that point of view, all points indicate that AGN is poised for a serious break-out at some point in the last part of this year. Most analysts seem to agree that the stock has been terribly oversold since May -- this; despite a good second quarter report.
      Once the "shorts and unconvicted folks" are tempered, all bets will be off on a run-up, perhaps, to $100+ by the end of 2012. Historically, AGN's third and fourth quarters are usually their strongest.
      I've been adding to my position -- like you -- from $83 to $88.

      • 1 Reply to lebuitre
      • Well, now we have moved along for a few weeks. We can see the gentle rise ongoing, other than yesterday's spike on the ISM news. So, I like that it is working its way slowly higher. I did
        reduce some of my buy ins from before, and now watching carefully how this may move up and maybe finally reach a break out scenario.

        It is stalls, then, yeah, need to reduce and wait for more clues and signals on direction. I just feel however over a long time haul, there will be new highs, getting up past $96. $100 is not out of the question, but, that can be a wait to reach, which is okay with me anyway.

        Sentiment: Buy

 
AGN
212.18+4.15(+1.99%)Dec 18 4:06 PMEST

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