The Greedy Trader Weekly Analysis
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Archive
- 12/1/2017
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Alexion Pharmaceuticals Inc
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Summary:
Weekly :Broken trend support lineOversold sectorOversold industryWilliams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal line
Daily :Stochastic signal line moved above oversold areaThe price has risen above the Parabolic SAR
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It was a first positive week after 7 consecutive negative weeks for the Alexion Pharmaceuticals Inc (ALXN). During the week, the ALXN climbed 0.35 points, or 0.32%, and closed at 108.96 on Friday, December 01, 2017. It was the best weekly gain since October 6, 2017. ALXN was trading at average weekly trading volume.

ALXN is a member of Healthcare Sector. Healthcare is the most oversold sector. ALXN is a member of Drug Manufacturers/Other Industry. Drug Manufacturers/Other is the sixth most oversold industry. 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 Channel chart pattern. The trend support level is at 81.99 and resistance is at 142.35. 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 uptrend had started on May 26, 2017 at 96.18 and reached 149.34 on September 5, 2017. ALXN gained -53.16 points, or -55.27%, in 14 weeks. The chart has formed a Rising Pennant chart pattern. The uptrend support line (158.09) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See ALXN weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since October 27, 2017. The distance between MACD and the signal line is near its high and getting bigger. 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 November 29, 2017 at 106.34 and reached 111.88 on November 30, 2017. ALXN gained -5.54 points, or -5.21%, in 1 days. The price is now at the 52.71% retracement level.

Daily Technical Indicators: [See ALXN daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.

The daily MACD line is above its signal line since November 22, 2017. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.11
Williams' Percentage Range (W%R) 76.30
Lane's Stochastic (%D-Slow) 32.55
Greed/Fear Indicator (GFI) 28.79
Moving Average Converg./Diverg. (MACD) -5.98
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 24.20
Williams' Percentage Range (W%R) 93.10
Strong Oversold
Lane's Stochastic (%D-Slow) 5.27
Strong Oversold
Greed/Fear Indicator (GFI) 15.02
Oversold
Moving Average Converg./Diverg. (MACD) 1.10
Trading Signals
Description Value Chart
50 Day Moving Average 126.63
Upper Bollinger Band 120.28
20 Day Moving Average 111.40
Price 108.96
Daily Stochastic Crossing 108.45
Weekly Stochastic Crossing 108.10
Parabolic System 106.35
Lower Bollinger Band 106.02
Sector and Industry
Description Name Rank
Sector Healthcare 1
Industry Drug Manufacturers/Other 6
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 106.34
Low Date 11/29/2017
High 111.88
High Date 11/30/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 144.91
High Date 10/17/2017
Low 106.34
Low Date 11/29/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 149.34
High Date 09/05/2017
Low 106.34
Low Date 11/29/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Support
Resistance 140.18
Support 158.09
Low 96.18
Low Date 05/26/2017
High 149.34
High Date 09/05/2017
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 142.35
Support 81.99
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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