Alexion Pharmaceuticals Inc
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|It was a second consecutive positive week for the Alexion Pharmaceuticals Inc (ALXN). During the week, the ALXN climbed 1.07 points, or 0.85%, and closed at 126.75 on Friday, March 16, 2018. Weekly volume was 82% above average. |
ALXN is a member of Healthcare Sector. Healthcare is the second 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 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 Falling Pennant chart pattern. The uptrend resistance line (107.24) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line 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 Ascending Triangle chart pattern. The downtrend resistance line (104.92) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.
Weekly Technical Indicators: [See ALXN weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since February 23, 2018. The distance between MACD and the signal line is low, but 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 March 2, 2018 at 113.97 and reached 137.88 on March 15, 2018. ALXN gained -23.91 points, or -20.98%, in 13 days. The price is now at the 46.55% retracement 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 March 1, 2018. This is an indication that the short-term trend is up.
During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.