Can Alexion Pharamaceuticals See an Upside Breakout?

Alexion Pharamaceuticals, Inc. (ALXN) was upgraded today by TheStreet's Quant Ratings service. This might be just the thing to get the price of ALXN to make an upside breakout.

In this daily bar chart of ALXN, below, we can see that if we ignore or downplay a May/June selloff and rebound that prices have been in a largely sideways trading pattern for much of the past 12 months. In the past few weeks ALXN rallied above the bottoming 200-day moving average and the flattening 50-day average line....128 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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