SSS - Comments on Apple (AAPL) and Alexion Pharmaceuticals (ALXN) Short Set-Ups for Friday, March 1, 2013
The NASDAQ Composite Index found support this morning near the 50-day moving average, and the indexes have turned higher as of the time of this writing. AAPL and ALXN, however, are both trading down at this time, despite the turn in the major market indexes. If the market is able to sustain today's upside reversal, keep your trailing stops well in mind. If the market rolls over and fails, however, these stocks are certainly in position to move lower.
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