ALNY dominated by bulls lifting the market higher throughout the day
Alnylam Pharmaceut (ALNY) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team
Moving higher for the 2nd day in a row, ALNY ended the week 6.24% higher at 97.37 after gaining $3.12 (3.31%) today on low volume. Today's closing price of 97.37 marks the highest close since July 27th. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Thursday's high at 96.75, the market confirms its breakout through the prior session's high having traded $0.74 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.
Daily Candlestick Chart (ALNY as at Aug 10, 2018):
Friday's trading range was $3.49 (3.71%), that's slightly below last trading month's daily average range of $4.22. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.
Prices are trading close to the key resistance level at 98.30.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.