Alexion Pharm main trend is up on the daily chart. Strong bullish signal, crossed above the 14-day moving average.
Alexion Pharm yesterday close was at 136.53 (+3.33%). The main trend is up on the daily chart, the bulls are in control. The positive values of many leading oscillators confirm the upward trend.
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Simple Moving Average (SMA)
Strong bullish signal: the price crosses above the 14-day moving average (SMA value is 134.65). Today trading session forecast is for further price extensions towards the most significant resistance levels. However, the buy signal should be confirmed with increasing volume.
Daily chart shows volume is higher than the previous day. This could be a sign of a significant move to come.
Support and Resistance levels
7, 15 and 30 trading days Performance. Support, Resistance and Pivot Point levels. Last updated closing price: 22/08/2016.
Performance: 7 trading days= +1.54% – 15 trading days= +8.13% – 30 trading days= +16.18%
Resistance levels: R1= 137.75 – R2= 138.96 – R3= 142.52
Pivot Point: 135.40
Support levels: S1= 134.19 – S2= 131.84 – S3= 128.28
Buying opportunity above 136.83, targets minor resistance at 138.52 and perhaps as far as strong resistance at 139.71, where sellers could regain control. Above that level it could trigger an acceleration to the upside with the next target at 142.73.
Selling opportunity below 135.74, targets minor support at 134.06 and perhaps as far as strong support at 132.90, where buyers could get back into the market. Below that level we could expect a bearish downward movement with the next target at 129.95.