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After Yesterday's Rally of 1.90% Shares Could Potentially Pullback

By James Quinn

Alexion Pharm (NASDAQ:ALXN) traded in a range yesterday that spanned from a low of $132.24 to a high of $142.47. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $132.22 on volume of 2.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Alexion Pharm has traded in a range of $96.18 to $145.41 and is now at $133.29, 39% above that low. 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 Pharm on June 12th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $106.88. Since that recommendation, shares of Alexion Pharm have risen 22.6%. We continue to monitor ALXN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders alexion pharm

Ticker(s): ALXN