Alexion Pharmaceuticals Inc (ALXN): Price Now Near $181.53; Daily Chart Shows An Uptrend on 20 Day Basis

The Hourly View for ALXN

Currently, ALXN (Get Ratings)’s price is up $0.01 (0.01%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Out of Pharmaceutical Products stocks, ALXN ranks 127th in regards to today’s price percentage change.

ALXN’s Technical Outlook on the Daily Chart

At the time of this writing, ALXN’s price is down $-0.12 (-0.07%) from the day prior. This move is a reversal from the day prior, which saw price move up. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The chart below shows ALXN’s price action over the past 90 days.

ALXN

For ALXN News Traders

News traders keeping an eye on ALXN may find value in this recent story:

Hedge Funds Are Still Crazy About Alexion Pharmaceuticals, Inc. (ALXN)

Hedge Funds and other institutional investors have just completed filing their 13Fs with the Securities and Exchange Commission, revealing their equity portfolios as of the end of September. At Insider Monkey, we follow nearly 900 active hedge funds and notable investors and by analyzing their 13F filings, we can determine the stocks that they are […]

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