ALXN - Alexion Pharmaceuticals

Industry: Biotechnology Sector: Healthcare | Exchange: NASDAQ

Strong Buy Candidate
Buy Score Rank #519 out of #5176
Wed 26'th Jul 2017

PERIOD COVERED
2017-04-27 - 2017-07-26
CHANGE
1.33%
PRICE
$131.07
VOLUME
Buy
TREND

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

BOLLINGER
Buy
Request Prediction
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Alexion Pharmaceuticals Stock Analysis

Technical stock analysis for Wed 26'th Jul 2017

Buy candidate since 2017-07-06 Gain 8.24%

Alexion Pharmaceuticals gained 1.33% in the last trading day, rising from $129.35 to $131.07 The price has risen in 6 of the last 10 days and is up by 4.91% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.51 million more shares were traded than the day before. In total, 2.03 million shares bought and sold for approximately $265.49 million.

Trend

Alexion Pharmaceuticals lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.52% during the next 3 months and, with 90% probability hold a price between $110.18 and $150.90 at the end of this period.

Signals

Only positive signals in the chart today. Alexion Pharmaceuticals holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $129.55 and $121.46. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday July 25, 2017, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

Relative Strength Index (RSI)

The stock holds a RSI14 at 79 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $118.00 and $104.64. On the upside the stock meets some resistance just above today's level from accumulated volume at $133.41, $131.59 and $131.79.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Alexion Pharmaceuticals finds support just below today's level at $118.00. If this is broken, then the next support from accumulated volume will be at $104.64 and $101.08. The stock is about to test the resistance from accumulated volume at $133.41 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $118.00 Price: $131.07 Resistance: $133.41
S: $118.00 Price: $131.07 R: $133.41

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $2.94 (2.28%) between high and low. For the last week, the stock has had a daily average volatility of 2.10%.

Our recommended stoploss: $124.24 (-5.21%) (This stock has low daily movements and this gives low risk. The RSI14 is 79 and this increases the risk substantially. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Overall risk:

           

Evaluation

Alexion Pharmaceuticals holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.

Strong Buy Candidate

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