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Yearly Pattern:Falling Channel
Number of records: 7
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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
Archive
- 12/8/2017
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Alexion Pharmaceuticals Inc
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Summary:
Weekly :Broken trend support lineOversold sectorOversold industryWilliams' Percentage Range oversoldLane's Stochastic is strongly oversold
Daily :The price moved above the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was a second positive week after 7 consecutive negative weeks for the Alexion Pharmaceuticals Inc (ALXN). During the week, the ALXN gained 5.50 points, or 5.05%, and closed at 114.46 on Friday, December 08, 2017. It was the best weekly gain since September 1, 2017. Weekly volume was 20% above average.

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 81.45 and resistance is at 141.80. 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 (160.45) 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 is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Williams' Percentage Range or strongly oversold 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 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, but getting smaller. 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 December 7, 2017 at 105.01 and reached 116.35 on December 8, 2017. ALXN gained -11.34 points, or -10.80%, in 1 days. The price is now at the 16.67% 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 November 22, 2017. This is an indication that the short-term trend is up.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 7.97% on Friday. It is 50.42% lower than one year average. It indicates the period of low volatility of the stock price. 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) 56.91
Williams' Percentage Range (W%R) 28.20
Lane's Stochastic (%D-Slow) 51.06
Greed/Fear Indicator (GFI) 59.92
Moving Average Converg./Diverg. (MACD) -4.64
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 22.75
Williams' Percentage Range (W%R) 81.60
Oversold
Lane's Stochastic (%D-Slow) 5.92
Strong Oversold
Greed/Fear Indicator (GFI) 20.11
Moving Average Converg./Diverg. (MACD) 0.11
Trading Signals
Description Value Chart
50 Day Moving Average 123.57
Upper Bollinger Band 116.65
Price 114.46
Daily Stochastic Crossing 110.02
20 Day Moving Average 109.81
Lower Bollinger Band 107.52
Weekly Stochastic Crossing 107.21
Parabolic System 104.90
Monthly Trendline Support 104.36
Sector and Industry
Description Name Rank
Sector Healthcare 1
Industry Drug Manufacturers/Other 6
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 105.01
Low Date 12/07/2017
High 116.35
High Date 12/08/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 144.91
High Date 10/17/2017
Low 105.01
Low Date 12/07/2017
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 139.45
Support 104.36
High 149.34
High Date 09/05/2017
Low 105.01
Low Date 12/07/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Support
Resistance 139.45
Support 160.45
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 141.80
Support 81.45
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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