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Bearish Moving Average Cross by Alexion Pharmaceuticals (ALXN)

By James Quinn

Alexion Pharmaceuticals (NASDAQ:ALXN) crossed under its 10-day moving average of $156.26 on a volume of 303K 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 Pharmaceuticals have traded between a low of $124.16 and a high of $208.88 and are now at $155.16, which is 25% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has slid 0.2%.

SmarTrend recommended that subscribers consider buying shares of Alexion Pharmaceuticals on March 31st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $137.36. Since that recommendation, shares of Alexion Pharmaceuticals have risen 15.0%. 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