Sunday, March 6, 2016

ALXN turning positive

Welcome Back Traders.

Shares of Alexion Pharmaceuticals have turned positive after a bruising start to the trading year.  The shares are down about 24% on a year to date basis.

Note how the range bands indicator has gone from green to blue indicating that an uptrend is now in place.

Also note how the awesome oscillator has crossed the zero line to the upside for the first time since 10/23/2015.  The last time that happened, it lead to a nearly 20 point rally in the shares.  Last years rally was anything but smooth so size accordingly and be prepared for a bumpy ride.

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