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Bearish Moving Average Cross by Alexion Pharmaceuticals (ALXN)

By Shiri Gupta

Today, shares of Alexion Pharmaceuticals (NASDAQ:ALXN) have fallen below their 10-day MA of $134.04 on a volume of 169K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Alexion Pharmaceuticals share prices have moved between a 52-week high of $208.88 and a 52-week low of $110.56 and are now trading 20% above that low price at $132.99 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Alexion Pharmaceuticals on July 15th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $125.92. Since that recommendation, shares of Alexion Pharmaceuticals have risen 7.2%. We continue to monitor ALXN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses alexion pharmaceuticals

Ticker(s): ALXN