Alexion Pharmaceuticals (ALXN) Testing Head & Shoulders resistance
Stock: Alexion Pharmaceuticals (ALXN)
Long or Short: Short
Entry: $91.65
Stop-Loss: $93.55
Chart: Alexion Pharmaceuticals (ALXN) Daily Swing Trade Setup
Reason for Trade: My time frame for shorting this stock will be brief to say the least. I am looking for no more than a 2-3 day window and I plan on dumping the stock – if earlier, even better.
SPX & and Dow are both trading outside the upper Bollinger Band and there is no desire for me to want to initiate new longs in the face of that until we get some kind of pullback in the market.
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