ALXN pops to highest close since October 24, 2017


Alexion Pharmaceuticals (ALXN) Technical Analysis Report for Jul 13, 2018 [< 1 min read]
Highlights
ALXN closes higher for the 2nd day in a row
ALXN pushes through previous session high
ALXN rises to highest close since October 24, 2017
TQ Sentiment
Report Sentiment: 33% Bullish
Technical Forecast:
Overview

Moving higher for the 2nd day in a row, ALXN ended the week 2.78% higher at 135.87 after gaining $1.58 (1.18%) today. Today's closing price of 135.87 marks the highest close since October 24, 2017. Closing above Thursday's high at 134.33, the share confirms its breakout through the previous session's high having traded $2.14 above it intraday.

Daily chart for ALXN
Volatility

Friday's trading range was $2.45 (1.82%), that's below last trading month's daily average range of $3.14. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being above average.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Order Flow

With prices trading close to this year's high at 137.88, upside momentum might accelerate should the market be able to break out to new highs for the year.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bearish.

Market Conditions for Alexion Pharmaceuticals
ConditionForecastDirectionWinAvgWorstBestEvents
Bearish Outside Bar TQ Pro Members Only
Black Candle TQ Pro Members Only
High close to previous High TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Low close to previous low TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

ALXN closes within prior day's range

Jul 16, 2018
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