ACT bought out AGN which caused yesterday's gap up. Both companies are mega-caps that have performed well. ACT obeys its 200dma so is a slower moving stock but still has been in a fairly clean uptrend since 2012. AGN has been in a somewhat sloppier uptrend but had the sharpest increase in earnings in the last quarter at 45% compared to the same quarter a year ago. The market views the merger as positive based on the last two days' price action, so the question is whether the two companies together can create a synergy that helps keep the current price action clean and strong.
BGU - AGN addendum
| Published: | 18 Nov 2014 21:26 ET |
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.