Alexion Pharmaceuticals, Inc. (ALXN) – pharma group beckons with 20% potential

ISIN: US0153511094

Alexion Pharmaceuticals, Inc. is a biopharmaceutical company from the USA. The development and production of medicines is the group’s main business area. The company, which is listed in the NASDAQ 100 and S&P 500, was founded in the year 1992 with headquarters in New Haven, Connecticut. In the following analysis, we will expand on the company’s stock from a technical point of view.

 

Review

In the daily chart, we can see a clear downward trend, which is currently far into the correction. The SMA 200, influential for big market participants, has also been reached.

 

Daily chart of stock ALXN with targets

Daily chart of stock ALXN with targets

 

Outlook

In the subordinate trend size, the first signal has already formed, in the form of a 123 in the short direction. If the value shows weakness upon the opening at the SMA 200, an entry with a stop loss above the last high point at approx. 127.50 USD is possible. For a little more security, one can wait for a second signal (blue dotted arrows); this is also worthwhile due to the large downward potential with this stock.

The target area is located at approx. 97.50 USD (green zone). If the marker at 130 USD (red line) is clearly and sustainably exited upwards, one should abandon the short scenario.

 

ALXN hourly chart with outlook

ALXN hourly chart with outlook

 

Before trading, one should take news in the environment and from the company into account. Similarly, one should also observe the overall market.

 

Possible trading parameters

Entry: under 123 USD

Stop: 127.50 USD

Target: 114 USD, 109 USD, 97 USD

 

 

 

Neither the author nor our company is invested in the securities and underlyings discussed at the time of publishing this analysis.

Disclaimer:

Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer’s investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk.

Alexion Pharmaceuticals, Inc. (ALXN) – pharma group beckons with 20% potential
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