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Weak

Chart to Watch - ALXN

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of Alexion Pharmaceuticals, Inc. (ALXN).

I hope you are having a GREAT Holiday week !

This week let's take a look at ALXN which could possibly be putting in a Head and Shoulders top.

ALXN slammed down off the high which put in a red monthly MarketClub Trade Triangle.

Since the low made in November 2012, ALXN has made a weak counter trend rally which has put in a green weekly MarketClub Trade Triangle.

IF ALXN trades lower from here and puts in a red weekly MarketClub Trade Triangle
that would be bearish and put the odds with lower prices.

So I really think ALXN is a key Chart to Watch right now as a big move could possibly be on the way.

Thanks,
Jim Robinson
Profit Trading.com

Comments

  1. Oliver says:

    Should have alterted us more than two months ago.

  2. Harry says:

    Nice analysis and good one to watch.

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