Alexion Pharma – ALXN – close: 89.81 change: +0.80
Stop Loss: 87.75
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see below
Why We Like It:
Alexion Pharmaceuticals is a biopharma company. The stock has been stair-stepping higher for weeks. Shares just spent the last few days consolidating sideways in the $88-90 zone. I suspect we’ll see it breakout to new highs soon.
I am suggesting a trigger to open bullish positions at $90.25. We’ll use a stop at $87.75. Our target is $98.00.
Trigger @ 90.25
– Suggested Positions –
buy the Apr $90 call (ALXN1221D90) current ask $3.00
– or –
buy the May $95 call (ALXN1219E95) current ask $2.25
— The Option Specialist