The Greedy Trader Weekly Analysis
Sign In May 25, 2018
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Downtrend exhaustion - Stock Market Timing Signals and trading strategies.
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Alexion Pharmaceuticals Inc
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Summary:
Weekly :
Daily :Williams' Percentage Range and Lane's Stochastic are overbought20 Day Moving Average has crossed above the 50 Day Moving Average
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It was a second consecutive positive week for the Alexion Pharmaceuticals Inc (ALXN). During the week, the ALXN gained 1.41 points, or 1.18%, and closed at 121.07 on Friday, May 18, 2018. Weekly volume was -41% below average.

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 70.73 and resistance is at 130.72. 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 Symmetric Triangle chart pattern. The trend support level is at 108.30 and resistance is at 133.97. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle 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 May 4, 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 uptrend had started on April 20, 2018 at 102.10 and reached 123.48 on May 14, 2018. ALXN gained -21.38 points, or -20.94%, in 24 days. The chart has formed a Descending Triangle chart pattern.

Daily Technical Indicators: [See ALXN daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and 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 daily MACD line is above its signal line since April 25, 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.87
Williams' Percentage Range (W%R) 13.10
Overbought
Lane's Stochastic (%D-Slow) 82.44
Overbought
Greed/Fear Indicator (GFI) 75.41
Moving Average Converg./Diverg. (MACD) 1.51
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.88
Williams' Percentage Range (W%R) 46.80
Lane's Stochastic (%D-Slow) 37.25
Greed/Fear Indicator (GFI) 47.59
Moving Average Converg./Diverg. (MACD) -2.64
Trading Signals
Description Value Chart
Monthly Trendline Resistance 136.40
Quarterly Trendline Resistance 133.97
Yearly Trendline Resistance 130.72
Upper Bollinger Band 127.50
Daily Stochastic Crossing 121.53
Price 121.07
20 Day Moving Average 116.89
50 Day Moving Average 115.48
Parabolic System 114.75
Weekly Stochastic Crossing 111.08
Quarterly Trendline Support 108.30
Lower Bollinger Band 107.66
Monthly Trendline Support 98.48
Sector and Industry
Description Name Rank
Sector Healthcare 6
Industry Drug Manufacturers/Other 37
Daily Trend
Description Value
Direction Up
Chart Pattern Descending Triangle
Low 102.10
Low Date 04/20/2018
High 123.48
High Date 05/14/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 137.88
High Date 03/15/2018
Low 102.10
Low Date 04/20/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 136.40
Support 98.48
High 149.34
High Date 09/05/2017
Low 102.10
Low Date 04/20/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Valid
Resistance 133.97
Support 108.30
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 130.72
Support 70.73
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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