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Alexion Pharmaceuticals Bearish Moving Average Crossover Alert (ALXN)

By Nick Russo

Today, shares of Alexion Pharmaceuticals (NASDAQ:ALXN) have fallen below their 10-day MA of $130.39 on a volume of 274K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Alexion Pharmaceuticals share prices have been bracketed by a low of $110.56 and a high of $208.88 and are now at $130.26, 18% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Alexion Pharmaceuticals and will alert subscribers who have ALXN in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses alexion pharmaceuticals

Ticker(s): ALXN