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Alexion Pharmaceuticals Crosses Below its 10-day MA (ALXN)

By James Quinn

Alexion Pharmaceuticals (NASDAQ:ALXN) shares have crossed bearishly below their 10-day moving average of $101.68 on a volume of 400K 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 $96.18 and a high of $208.88 and are now at $101.23, 5% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Alexion Pharmaceuticals on May 11th, 2017 by issuing a Downtrend alert when the shares were trading at $119.85. Since that call, shares of Alexion Pharmaceuticals have fallen 15.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses alexion pharmaceuticals

Ticker(s): ALXN