Breakout of ALXN

ALXN1 300x162 Breakout of ALXN

Cup and Handle Breakout

 

So ALXN broke out of a cup-and-handle base today on 43% higher volume.  The correct buy point was $60.95 but I got in a little earlier at $59.73 and am sitting on a 7.29% profit now.  Since volume was so high I’m holding until either signs of weakness or new highs.  However with this choppy market, I might take my gains and get out since there’s nothing wrong with a 7.29% profit in 5 days.  You can read more about ALXN here.

Tags: , ,
About Author: Christian

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>