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ALXN Daily chart analysis

NASDAQ:ALXN   ALEXION PHARMACEUTICAL INC
Just as I put up this note, NASDAQ:ALXN has come out with the earnings figures and have come out better than the estimates, positive for the stock

You can review my weekly and monthly time frame analysis in the previous charts I have shared. On the daily time frame, ALXN has broken the downward channel and will now move upwards to test the resistance levels. If it enters the channel again then may move to lower end of the channel too

Watch out for price action. Pharma stocks tend to be very volatile. If you are trading CFDs on this one, ensure proper risk measures and appropriate SL levels .

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