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Bullish Moving Average Cross by Alexion Pharm (ALXN)

By Nick Russo

Alexion Pharm (NASDAQ:ALXN) shares have crossed bullishly above their 10-day moving average of $119.23 on a volume of 165K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Alexion Pharm share prices have been bracketed by a low of $102.10 and a high of $147.29 and are now at $119.46, 17% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Alexion Pharm on August 3rd, 2018 by issuing a Downtrend alert when the shares were trading at $125.41. Since that call, shares of Alexion Pharm have fallen 5.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses alexion pharm

Ticker(s): ALXN