Alexion Pharma (ALXN) Offering Possible 35.8% Return Over the Next 14 Calendar Days

Alexion Pharma's most recent trend suggests a bearish bias. One trading opportunity on Alexion Pharma is a Bear Call Spread using a strike $98.50 short call and a strike $104.00 long call offers a potential 35.8% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $98.50 by expiration. The full premium credit of $1.45 would be kept by the premium seller. The risk of $4.05 would be incurred if the stock rose above the $104.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Alexion Pharma is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Alexion Pharma is bearish.

The RSI indicator is at 23.37 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Alexion Pharma

Will Alexion (ALXN) Beat Estimates Again in Its Next Earnings Report?
Wed, 02 Oct 2019 14:10:02 +0000
Alexion (ALXN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Investors flee Biotech ETFs as they Lag Bull Market
Mon, 30 Sep 2019 18:52:13 +0000
While the S&P 500 is up nearly 19% heading into the final quarter of the year, biotech stocks are badly lagging the market, punishing the performance of many ETFs and other funds holding shares of companies such as Biogen (BIIB), Regeneron Pharmaceuticals Inc. (REGN), BioMarin Pharmaceutical Inc. (BMRN), Gilead Sciences Inc. (GILD), Vertex Pharmaceuticals Inc. (VRTX), and Alexion Pharmaceuticals Inc. (ALXN). The increasingly bearish sentiment is reflected in six consecutive weeks of outflows from biotech funds, amounting to about $2.1 billion, and marking the longest stretch of continuous outflows in nearly two years, as outlined by Barron’s. Weakness in the biotech sector has caused a long list of ETFs to fall sharply from their highs in the last few months, including the giant iShares Nasdaq Biotechnology ETF (IBB), SPDR S&P Biotech ETF (XBI), and Invesco Dynamic Biotechnology & Genome ETF (PBE), just to name a few.

Investors Who Bought Alexion Pharmaceuticals (NASDAQ:ALXN) Shares Five Years Ago Are Now Down 45%
Mon, 30 Sep 2019 10:24:08 +0000
The main aim of stock picking is to find the market-beating stocks. But even the best stock picker will only win with…

Achillion's Danicopan Gets Breakthrough Therapy Tag for PHN
Thu, 26 Sep 2019 15:32:03 +0000
Achillion's (ACHN) oral factor D inhibitor, danicopan, receives Breakthrough Therapy designation from the FDA as a treatment option for PNH. Shares up.

3 Reasons Growth Investors Will Love Alexion (ALXN)
Mon, 23 Sep 2019 12:45:12 +0000
Alexion (ALXN) could produce exceptional returns because of its solid growth attributes.

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