Alexion Pharma's most recent trend suggests a bullish bias. One trading opportunity on Alexion Pharma is a Bull Put Spread using a strike $95.00 short put and a strike $85.00 long put offers a potential 14.29% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $95.00 by expiration. The full premium credit of $1.25 would be kept by the premium seller. The risk of $8.75 would be incurred if the stock dropped below the $85.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Alexion Pharma is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Alexion Pharma is bullish.
The RSI indicator is at 46.08 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Alexion Pharma
Hedge Fund Tells Alexion Management to Sell Company
Tue, 12 May 2020 21:07:43 +0000
Elliott Advisors says most recent acquisition is an example of its questionable strategy Continue reading…
Activist investor Elliott pushes Alexion Pharma to sell itself
Tue, 12 May 2020 16:34:39 +0000
“The best approach for the Company and its stakeholders is the immediate exploration of a sale,” Elliott Associates said in the letter, made public one day before Alexion's annual shareholder meeting. Rather than consider a sale, Alexion has been on an acquisition spree, seeking to diversify its research pipeline, deals the hedge fund criticized in the letter. Elliott said it had waited months for CEO Ludwig Hantson's “go-it-alone” approach to gain traction and is speaking out now after he announced plans to buy Portola Pharmaceuticals Inc. Alexion shares tumbled on the announcement last week, erasing approximately $1.7 billion from the company's market capitalization in one day.
Elliott again pushes Alexion Pharma to explore a sale
Tue, 12 May 2020 12:55:33 +0000
8 Stocks Ken Fisher Continues to Buy
Fri, 08 May 2020 22:35:53 +0000
Mastercard and Booking make the list Continue reading…
Are Biotech ETFs in Trouble as Coronavirus Dims Guidance?
Fri, 08 May 2020 20:24:08 +0000
Let's take a look at some ETFs with exposure to major players in the U.S. biotech industry, post their Q1 earnings releases amid the coronavirus crisis.
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