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Alexion Pharmaceuticals Inc
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|It was the negative week for the Alexion Pharmaceuticals Inc (ALXN). During the week, the ALXN dropped -7.55 points, or -6.50%, and closed at 108.60 on Friday, February 09, 2018. Weekly volume was 26% above average. |
Long-term trend: [See ALXN long-term trend chart]
A long-term downtrend had started on July 23, 2015 at 208.88 and reached 96.18 on May 26, 2017. ALXN lost 112.70 points, or 53.95%, in 96 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 76.85 and resistance is at 137.21. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.
Medium-term trend: [See ALXN medium-term trend chart]
A medium-term downtrend had started on September 5, 2017 at 149.34 and reached 104.95 on February 9, 2018. ALXN lost 44.39 points, or 29.72%, in 22 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 77.10 and resistance is at 126.95. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
Weekly Technical Indicators: [See ALXN weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. Weekly Relative Strength Index has bullish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Relative Strength Index and Williams' Percentage Range help.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
Short-term trend: [See ALXN short-term trend chart]
A short-term downtrend had started on February 7, 2018 at 119.12 and reached 104.95 on February 9, 2018. ALXN lost 14.17 points, or 11.90%, in 2 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See ALXN daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bullish divergence. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since January 29, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.