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Yearly Pattern:Falling Channel
Number of records: 4
Symbol:  

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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
Alexion Pharmaceuticals Inc
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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtBroken trend resistance lineTrend resistance at 133.62
Daily :Williams' Percentage Range is overboughtLane's Stochastic is strongly overbought
Move cursor over the icon to see details.

It was a second consecutive positive week for the Alexion Pharmaceuticals Inc (ALXN). During the week, the ALXN gained 3.67 points, or 2.78%, and closed at 135.87 on Friday, July 13, 2018. Weekly volume was -29% 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 (101.46) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. ALXN may retest the broken resistance line. It is considered to be a support line now. 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 (133.62). 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 while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 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 136.47 on July 13, 2018. ALXN gained -22.11 points, or -19.33%, in 45 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 121.65 and resistance is at 137.54. 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 Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic.

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.09
Williams' Percentage Range (W%R) 10.40
Overbought
Lane's Stochastic (%D-Slow) 92.61
Strong Overbought
Greed/Fear Indicator (GFI) 83.44
Overbought
Moving Average Converg./Diverg. (MACD) 2.81
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.03
Williams' Percentage Range (W%R) 9.50
Strong Overbought
Lane's Stochastic (%D-Slow) 85.08
Overbought
Greed/Fear Indicator (GFI) 78.74
Moving Average Converg./Diverg. (MACD) -0.62
Trading Signals
Description Value Chart
Weekly Trendline Resistance 137.54
Upper Bollinger Band 136.66
Price 135.87
Daily Stochastic Crossing 135.68
Weekly Stochastic Crossing 133.71
Quarterly Trendline Resistance 133.62
Yearly Trendline Resistance 127.80
20 Day Moving Average 126.54
Parabolic System 125.50
50 Day Moving Average 121.66
Weekly Trendline Support 121.65
Monthly Trendline Support 120.74
Monthly Trendline Resistance 120.42
Lower Bollinger Band 117.78
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Drug Manufacturers/Other 152
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 119.57
Low Date 06/28/2018
High 136.47
High Date 07/13/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 137.54
Support 121.65
Low 114.36
Low Date 05/29/2018
High 136.47
High Date 07/13/2018
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Resistance
Resistance 120.42
Support 120.74
Low 102.10
Low Date 04/20/2018
High 136.47
High Date 07/13/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 133.62
Support 95.71
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 127.80
Support 101.46
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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