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SmarTrend Watching for Potential Pullback in Shares of Alexion Pharm After 4.59% Gain

By Shiri Gupta

Alexion Pharm (NASDAQ:ALXN) traded in a range yesterday that spanned from a low of $109.50 to a high of $114.63. Yesterday, the shares gained 4.6%, which took the trading range above the 3-day high of $113.10 on volume of 761,000 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 $96.18 and a high of $149.34 and are now at $113.94, which is 18% above that low price. 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 its subscribers protect gains by selling shares of Alexion Pharm on March 22nd, 2018 by issuing a Downtrend alert when the shares were trading at $116.04. 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: rebounders alexion pharm

Ticker(s): ALXN