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- 9/14/2018
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Alexion Pharmaceuticals Inc
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Summary:
Weekly :Overbought sectorLane's Stochastic is oversold
Daily :Price is near the Fibonacci 61.8% retracement level
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It was a first positive week for the Alexion Pharmaceuticals Inc (ALXN). During the week, the ALXN climbed 0.93 points, or 0.79%, and closed at 118.20 on Friday, September 14, 2018. Weekly volume was -41% below average.

ALXN is a member of Healthcare Sector. Healthcare is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

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 Pennant chart pattern. The trend support level is at 104.77 and resistance is at 120.46. A Falling Pennant chart pattern represents a brief pause after a sharp move in a dynamic market. It is considered one of the most reliable continuation patterns.Use the following link to access a Falling Pennant chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Pennant pattern in a long-term trend.

Medium-term trend: [See ALXN medium-term trend chart]
A medium-term downtrend had started on July 26, 2018 at 138.77 and reached 114.40 on August 16, 2018. ALXN lost 24.37 points, or 17.56%, in 3 weeks. The price is now at the 15.59% retracement level.

Weekly Technical Indicators: [See ALXN weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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 link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since August 17, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See ALXN short-term trend chart]
A short-term uptrend had started on August 16, 2018 at 114.40 and reached 123.74 on August 31, 2018. ALXN gained -9.34 points, or -8.16%, in 15 days. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See ALXN daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since August 24, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.14
Williams' Percentage Range (W%R) 55.40
Lane's Stochastic (%D-Slow) 34.97
Greed/Fear Indicator (GFI) 43.90
Moving Average Converg./Diverg. (MACD) -1.52
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.88
Williams' Percentage Range (W%R) 58.90
Lane's Stochastic (%D-Slow) 16.39
Oversold
Greed/Fear Indicator (GFI) 34.56
Moving Average Converg./Diverg. (MACD) 1.04
Trading Signals
Description Value Chart
50 Day Moving Average 124.93
Upper Bollinger Band 123.61
Parabolic System 120.76
Yearly Trendline Resistance 120.46
Weekly Stochastic Crossing 118.71
20 Day Moving Average 118.71
Price 118.20
Daily Stochastic Crossing 117.47
Lower Bollinger Band 115.49
Yearly Trendline Support 104.77
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Drug Manufacturers/Other 93
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 123.74
High Date 08/31/2018
Low 115.42
Low Date 09/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 114.40
Low Date 08/16/2018
High 123.74
High Date 08/31/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 138.77
High Date 07/26/2018
Low 114.40
Low Date 08/16/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 102.10
Low Date 04/20/2018
High 138.77
High Date 07/26/2018
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Valid
Resistance 120.46
Support 104.77
High 208.88
High Date 07/23/2015
Low 96.18
Low Date 05/26/2017
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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