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Watch for Alexion Pharm to Potentially Pullback After Gaining 8.19% Yesterday

By Shiri Gupta

Alexion Pharm (NASDAQ:ALXN) traded in a range yesterday that spanned from a low of $107.00 to a high of $109.83. Yesterday, the shares gained 8.2%, which took the trading range above the 3-day high of $109.38 on volume of 366,000 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 $92.56 to $141.86 and is now at $107.59, 16% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

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