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Short ALXN This Morning

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March 23, 2011 – Comments (0) | RELATED TICKERS: ALXN

Only one trade to report this morning and that is in Alexion Pharmaceuticals (ALXN) at $93.47. I tried to get in to Varian Medical Systems as another short play, but my limit order was missed by $0.02! That happens from time to time. 

Overall, the market is selling off after Wall Street got its hands on a not-so-great housing report. Negative breadth looks solid for the bears, but interestingly enought, the VIX is barely in the green. 

Here's my chart analysis on the ALXN Trade Setup.

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