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  1. Default Alexion Pharmaceuticals – Technical Analysis

    Alexion Pharmaceuticals (ALXN) is an extremely interesting title from the technical point of view, for his standard linear growth with few variations over the last three and a half years, period during which grew over 500%. Although this movement could be already a bit exhausted, the sky is the limit and it seems to be creating a repeating pattern.

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    In the last three times it reached a top, it ended up having a slight decline, followed by a breaking up for a new high. These downturns have led to a rising trend line of medium / long term. Despite not having many points of contact, has proved to be effective. Notice that, in each retraction volume decreased, increasing immediately afterwards, demonstrating a clear bullish signal.


    There is currently doing a new retraction after a top, with gradually decreasing volume, and closer to the trend line.
    It seems to me a clear buying opportunity, if it approaches to the trend line. Despite being a biotech, with all the inherent risks, the risk / benefit ratio is quite favorable!

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    Interesting post. Thanks

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    Thank you, Alvyeo

 

 

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