The Greedy Trader Weekly Analysis
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Quarterly Pattern:Rising Pennant
Number of records: 3
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Chart Analysis and Chart Pattern Recognition – Bear Flag, Bull Flag, Bearish Pennant and Bullish Pennant.

Bear flag, bull flag, bearish pennant and bullish pennant chart patterns represent brief pauses after sharp moves in a dynamic market. They are considered as most reliable continuation patterns. Flags are characterized as short-term channels slanting against the main trend. Pennants represent short-term triangle formations. Volume is heavy during the sharp move preceding the formation.
Trading technique:
# 1 Flags and pennants present an additional opportunity to enter the dynamic market.
Tips:
# 1
Usually flags and pennants represent short-term pauses technically required to reset overbought/oversold technical indicators and allow further movement. They likely to appear at earlier stages of the larger patterns, when short-term technical indicators are grossly overbought/oversold, but long-term indicators are in the middle range. In a situation when both long and short-term indicators are overbought (oversold), flags and pennants have more chances to become the beginning of a larger formation. Flags and pennants are considered invalid as soon as they break the parent's formation trend line.
# 2 As a continuation pattern, rectangle usually appears within a young trend characterized by neutral long-term indicators and overbought/oversold short-term indicators. Rectangle resets daily CTI to neutral and then continues the movement in parent's direction.
# 3 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: projected support/resistance level of larger trend.

Alexion Pharmaceuticals Inc
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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Stochastic has declined below the signal lineThe price has fallen below the Parabolic SAR20 Day Moving Average has crossed above the 50 Day Moving Average
Move cursor over the icon to see details.

It was the negative week for the Alexion Pharmaceuticals Inc (ALXN). During the week, the ALXN dropped -8.19 points, or -5.89%, and closed at 130.82 on Friday, October 05, 2018. ALXN was trading at average weekly trading volume.

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 downtrend resistance line (105.16) 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 long-term trend.

Medium-term trend: [See ALXN medium-term trend chart]
A medium-term uptrend had started on April 20, 2018 at 102.10 and reached 140.77 on September 28, 2018. ALXN gained -38.67 points, or -37.87%, in 23 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 119.65 and resistance is at 140.99. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern 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 September 21, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 September 28, 2018 at 140.77 and reached 130.02 on October 5, 2018. ALXN lost 10.75 points, or 7.64%, in 7 days. The price is now at the 7.44% retracement level.

Daily Technical Indicators: [See ALXN daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 link to access Lane's Stochastic help.

The daily MACD line is above its signal line since August 24, 2018. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.93
Williams' Percentage Range (W%R) 29.00
Lane's Stochastic (%D-Slow) 61.50
Greed/Fear Indicator (GFI) 66.80
Moving Average Converg./Diverg. (MACD) 3.23
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.59
Williams' Percentage Range (W%R) 27.10
Lane's Stochastic (%D-Slow) 44.20
Greed/Fear Indicator (GFI) 55.09
Moving Average Converg./Diverg. (MACD) 0.96
Trading Signals
Description Value Chart
Upper Bollinger Band 144.94
Quarterly Trendline Resistance 140.99
Parabolic System 140.48
Daily Stochastic Crossing 136.08
Price 130.82
Weekly Stochastic Crossing 127.65
20 Day Moving Average 127.13
50 Day Moving Average 123.61
Quarterly Trendline Support 119.65
Yearly Trendline Resistance 118.79
Lower Bollinger Band 113.24
Yearly Trendline Support 105.16
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Drug Manufacturers/Other 124
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 140.77
High Date 09/28/2018
Low 130.02
Low Date 10/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 140.77
High Date 09/28/2018
Low 130.02
Low Date 10/05/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 140.77
High Date 09/28/2018
Low 130.02
Low Date 10/05/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 140.99
Support 119.65
Low 102.10
Low Date 04/20/2018
High 140.77
High Date 09/28/2018
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 118.79
Support 105.16
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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