The Greedy Trader Weekly Analysis
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Quarterly Pattern:Rising Pennant
Number of records: 4
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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 sectorLane's Stochastic is overboughtBroken trend resistance lineTrend resistance at 133.99
Daily :Lane's Stochastic and MACD bearish divergenceThe price has risen above the Parabolic SARThe price is above the upper Bollinger Band
Move cursor over the icon to see details.

It was a first positive week for the Alexion Pharmaceuticals Inc (ALXN). During the week, the ALXN gained 8.05 points, or 6.48%, and closed at 132.20 on Friday, July 06, 2018. It was the best weekly gain since April 27, 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 Ascending Triangle chart pattern. The downtrend resistance line (101.50) 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 downtrend had started on September 5, 2017 at 149.34 and reached 102.10 on April 20, 2018. ALXN lost 47.24 points, or 31.63%, in 32 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (133.99). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See ALXN weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 above its signal line since May 4, 2018. 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 May 29, 2018 at 114.36 and reached 132.48 on July 6, 2018. ALXN gained -18.12 points, or -15.84%, in 38 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 120.45 and resistance is at 134.36. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See ALXN daily technical indicators chart]
Daily technical indicators are neutral. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is above its signal line since June 14, 2018. This is an indication that the short-term trend is up.

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.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.94
Williams' Percentage Range (W%R) 20.10
Lane's Stochastic (%D-Slow) 75.53
Bearish
Greed/Fear Indicator (GFI) 74.79
Moving Average Converg./Diverg. (MACD) 1.80 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.40
Williams' Percentage Range (W%R) 24.50
Lane's Stochastic (%D-Slow) 82.28
Overbought
Greed/Fear Indicator (GFI) 72.56
Moving Average Converg./Diverg. (MACD) -1.06
Trading Signals
Description Value Chart
Weekly Trendline Resistance 134.36
Quarterly Trendline Resistance 133.99
Price 132.20
Upper Bollinger Band 131.39
Daily Stochastic Crossing 129.86
Weekly Stochastic Crossing 129.32
Yearly Trendline Resistance 128.33
20 Day Moving Average 122.85
Monthly Trendline Resistance 120.71
Weekly Trendline Support 120.45
50 Day Moving Average 120.23
Parabolic System 119.97
Monthly Trendline Support 119.79
Lower Bollinger Band 115.78
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Drug Manufacturers/Other 140
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 119.57
Low Date 06/28/2018
High 132.48
High Date 07/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 134.36
Support 120.45
Low 114.36
Low Date 05/29/2018
High 132.48
High Date 07/06/2018
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Resistance
Resistance 120.71
Support 119.79
Low 102.10
Low Date 04/20/2018
High 132.48
High Date 07/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 133.99
Support 96.07
High 149.34
High Date 09/05/2017
Low 102.10
Low Date 04/20/2018
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 128.33
Support 101.50
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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