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Bullish Moving Average Cross by Alexion Pharmaceuticals (ALXN)

By David Diaz

Alexion Pharmaceuticals (NASDAQ:ALXN) shares have crossed bullishly above their 10-day moving average of $121.99 on a volume of 284K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher 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 11% above that low price at $122.46 per share. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Alexion Pharmaceuticals on August 30th, 2016 by issuing a Downtrend alert when the shares were trading at $128.24. Since that call, shares of Alexion Pharmaceuticals have fallen 6.8%. 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