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Bearish Moving Average Cross by Alexion Pharm (ALXN)

By David Diaz

Today, shares of Alexion Pharm (NASDAQ:ALXN) have crossed bearishly below their 10-day moving average of $132.78 on a volume of 142K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Alexion Pharm have traded between a low of $92.56 and a high of $140.77 and are now at $131.52, which is 42% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.6%.

SmarTrend is monitoring the recent change of momentum in Alexion Pharm. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Alexion Pharm in search of a potential trend change.

Keywords: moving crosses alexion pharm

Ticker(s): ALXN