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Alexion Pharmaceuticals Set to Possibly Rebound After Yesterday's Selloff of 1.14%
Feb 14, 2012 (SmarTrend(R) News Watch via COMTEX) --
Alexion Pharmaceuticals (NASDAQ:ALXN) traded in a range yesterday that spanned from a low of $83.00 to a high of $85.48. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $76.81 on volume of 1.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.
SmarTrend recommended that subscribers consider buying shares of Alexion Pharmaceuticals on October 10th, 2011 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $66.89. Since that recommendation, shares of Alexion Pharmaceuticals have risen 26.1%. We continue to monitor ALXN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
In the past 52 weeks, shares of Alexion Pharmaceuticals have traded between a low of $43.78 and a high of $85.48 and are now at $83.39, which is 90% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.9%.
Write to Chip Brian at cbrian@mysmartrend.com
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