ALXN stock: buy or sell

ALXN stock price: $168.44 1.14% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

2

ALXN stock brief

  • Counting on Wednesday, it's been 6 consecutive sessions in positive for Alexion Pharmaceuticals. Price closed on Wednesday at $168.44 after moving up a 1.14%.
  • The price is currently above the upper Bollinger band, which usually indicates a short-term correction
  • Last Friday, it broke out above $162.60, a resistance not crossed since last January.
  • Last Friday broke out above its latest top at $158.56
  • Alexion Pharmaceuticals, Inc. develops and commercializes various therapeutic products.

Should I buy Alexion Pharmaceuticals stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $ALXN stock a buy?

In the current situation of Alexion Pharmaceuticals there is not any eligible buy setup. This doesn't mean $ALXN will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Alexion Pharmaceuticals stock?

"To sell or not to sell", if you are holding Alexion Pharmaceuticals shares?. Trading strategies allow us to avoid rash decisions based on our sentiments or the noise surrounding the market. When selling, as well as buying, detailed setups are very easy to use and are only valid for selling stocks in your porfolio, not for selling short $ALXN stock

As a golden rule, you must never keep a trade that produces losses greater than those expected by the time of the buy. The moment to sell your stock should always be determined by the stop-loss (automatic or manual)

Is it time to sell Alexion Pharmaceuticals stock?

Currently, Alexion Pharmaceuticals stock doesn't match any of our preferred sell setups, so if you own Alexion Pharmaceuticals shares and your operation is in profit probably is not time to sell now

Alexion Pharmaceuticals ratings

In the last month, 2 analyst ratings were published for Alexion Pharmaceuticals

Alexion Pharmaceuticals analysts' ratings - Last month
Brokerage firmRating
Mar 23rd, 2021
SVB Leerink
Mar 29th, 2021
SVB Leerink

Alexion Pharmaceuticals stock analysis

Last Friday, the price broke out above the previous top at $158.56 on the downtrend started last January. Since then, the price action resulted in a 6.23% gain.

SMAs overview

ALXN stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $171.08 (1.57% above)
  • R2: $171.68 (1.92% above)
  • R3: $172.50 (2.41% above)
  • The current supports are:

  • S1: $166.72 (-1.02% below)
  • S2: $164.58 (-2.29% below)
  • S3: $163.77 (-2.77% below)
  • Bollinger bands

    Price levels above or below the Bollinger Bands mean that the price has followed a strong trend that has led to extreme upward or downward values. At this point, the price is beyond the upper band, which should mean a possible short-term corrective movement (at least) until it is under the band

    ALXN stock Bollinger Bands chart

    Relative strength index

    Crossed up the overbought line Wednesday, marking a reading of 77.47. The fact that the value is above 70 does not imply a sell signal, as shares can climb during several weeks being in the overbought zone

    ALXN stock RSI chart

    Alexion Pharmaceuticals stock price history

    Alexion Pharmaceuticals started trading on Feb 28th, 1996 priced at $2.25 per share1. Since then, ALXN stock surged by 7,386.22%, with an average of 295.45% per year. An investment of thousand dollars on the IPO would have a value of $74,862.22 today.

    1: Adjusted price after possible price splits or reverse-splits

    ALXN stock price history chart

    Price target for Alexion Pharmaceuticals stock

    Nobody knows how much a share will be priced in the future. However, many stock price forecasts are issued every day by banks, financial institutions and independent analysts.

    Along with buy or sell recommendations, brokerage institutions release their price forecasts based on the stock price action and the company fundamental data. Most of these predictions follow the release of new financial data by the company, and many times. If you are a small investor you should not invest based on these projections.

    Averaging all price targets exposed below, the forecasted price for Alexion Pharmaceuticals stock is $156.00. Alexion Pharmaceuticals closed at $168.44 on Wednesday, so the target price is forecasting a drop by 7.39%.

    Alexion Pharmaceuticals stock price predictions
    Brokerage firmPrice target
    Mar 23rd, 2021
    SVB Leerink $196.00$156.00
    Mar 29th, 2021
    SVB Leerink $196.00$156.00

    Earnings and financials

    Last February, Alexion Pharmaceuticals, Inc. ($ALXN) posted adjusted EPS for that improved Market expectations. Quarterly EPS was $2.96 per share from an estimated $2.56. This Q4 report means an earnings surprise of 15.63%. Estimated revenue was $1.5 billion but Alexion Pharmaceuticals slightly uplifted by 4.72%, posting $1.6 billion.

    By comparison, the EPS for the same quarter last year was $2.71, so reported EPS is a increase of 9.23%. Looking at sales, figures exploded a 14.99% compared to $13.8B same quarter a year ago.

    ALXN ($ALXN) presents Q1 financial report next Wednesday. Expected for this quarter is $3.16, compared to $2.96 that was reported for Q4.

    Alexion Pharmaceuticals performance

    ALXN performance compared
    Company1m3m6m
    Alexion Pharmaceuticals ($ALXN) 10.50% 6.40% 38.00%

    Disclaimer:
    The comments given in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this document does not know the individual scenarios of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are expressed for general educational motives only

    ALXN summary

    Wednesday, April 21st, 2021
    Open$167.72
    Close$168.44
    Day range$167.39 - $168.52
    Previous close$166.54
    Session gain1.14%
    Average true range$3.27
    50d mov avg$154.19
    100d mov avg$151.00
    200d mov avg$131.98
    Earnings dateMay 5th, 2021

    Frequently asked questions

    What is Alexion Pharmaceuticals stock symbol?

    Alexion Pharmaceuticals, Inc. is a public company trading in the US stock market with the ALXN symbol

    Is Alexion Pharmaceuticals stock a buy or sell?

    Alexion Pharmaceuticals received 2 ratings in the last 30 days: 0 bullish, 0 bearish and 0 neutral.

    Will ALXN go up?

    Alexion Pharmaceuticals had different price forecasts issued by analysts in the last 4 weeks setting the target price to $156.00. That is a 7.39% than the current price ($168.44).