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SmarTrend Watching for Potential Pullback in Shares of Alexion Pharm After 2.31% Gain

By Amy Schwartz

Alexion Pharm (NASDAQ:ALXN) traded in a range yesterday that spanned from a low of $130.77 to a high of $131.43. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $129.44 on volume of 465,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Alexion Pharm have traded between a low of $92.56 and a high of $141.86 and are now at $131.43, which is 42% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Alexion Pharm and will alert subscribers who have ALXN in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders alexion pharm

Ticker(s): ALXN