ALNY dominated by bulls lifting the market higher throughout the day
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.
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.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
Market Conditions for Alnylam Pharmaceut
|Close to R1 Resistance||TQ Pro Members Only|
|Close to S1 Support||TQ Pro Members Only|
|Low close to previous low||TQ Pro Members Only|
|Close to Swing High||TQ Pro Members Only|
|Bearish Spinning Top||TQ Pro Members Only|
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