ALXN pops to highest close since October 24, 2017
Alexion Pharmaceuticals (ALXN) Technical Analysis Report for Jul 13, 2018
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.
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.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
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.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bearish.