ALXN Shakeout

What are you talking about? You think it's going to trade at 13.20?

if you are talking about ticker: ALXN
I say its stuck more in a trading range for now, with a bias heading lower, albeit slowly.
 
Nasdaq ticker ALXN (Alexion Phama)

Title of post Shakeout

Look at the symbol on a daily chart

Good short setup? Yes

Look at the symbol on a 15 minute chart

See the base on 12/7/05 starting at 10:45
See the bar at 1:15 (actually 1:20 [13:20] "time not price" on 5 min chart )

This is a shakeout bar which took out all the stops and probably shook a lot of people out of their short position even from the day before.

See what happened next? Straight down

THAT is what I am stalking about

Down 40% in 12 days, some range

NN
 
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