Biotech Stocks Technical Study — Orexigen Therapeutics, Celgene, PDL BioPharma, Amarin, and Synergy Pharma
LONDON, March 18, 2015 /PRNewswire/ —Editor Note: For more information about this release, please scroll to bottom.Investor-Edge has initiated coverage on the following equities: Orexigen Therapeutics Inc. (NASDAQ: OREX), Celgene Corporation (NASDAQ: CELG), PDL BioPharma Inc. (NASDAQ: PDLI), Amarin Corporation PLC (NASDAQ: AMRN), and Synergy Pharmaceuticals Inc. (NASDAQ: SGYP). Free research report on Orexigen Therapeutics can be accessed at http://get.Investor-Edge.com/pdf/?c=Orexigen%20Therapeutics&d=18-Mar-2015&s=OREX. On Tuesday, March 17, 2015, the NASDAQ Composite ended at 4,937.44, up 0.16%, the Dow Jones Industrial Average declined 0.71%, to finish the day at 17,849.08, and the S&P 500 closed at 2,074.28, down 0.33%. The losses were broad based as nine out of ten sectors ended the session in negative. The S&P 500 Health Care Sector Index ended the day at 844.08, down 0.30%, while the index has advanced 6.62% in the previous three months. Register for your complimentary reports at the links given below. ;
Orexigen Therapeutics Inc.’s stock finished Tuesday’s session 7.88% higher at $7.53. A total of 7.19 million shares were traded, which was above its three months average volume of 5.14 million shares. The stock moved between $6.98 and $7.74 during the session. Over the last one month and the previous three months, Orexigen Therapeutics Inc.’s shares have surged 31.87% and 18.03%, respectively. Additionally, the stock has gained 5.46% in the past one year. The company’s shares are trading above their 50-day and 200-day moving averages. Moreover, the stock’s 50-day moving average of $5.93 is greater than its 200-day moving average of $5.49. Orexigen Therapeutics Inc.’s stock has a Relative Strength Index (RSI) of 56.98. Sign up and read the free notes on OREX at:
http://get.Investor-Edge.com/pdf/?c=Orexigen%20Therapeutics&d=18-Mar-2015&s=OREX
On Tuesday, shares in Celgene Corp. fluctuated between $119.67 and $121.33 before ending the session 0.16% higher at $121.03. The stock reported a trading volume of 3.03 million shares, below its three months average volume of 5.50 million shares. Shares of the company traded at a PE ratio of 47.32. Celgene Corp.’s shares have advanced 4.05% in the last one month, 7.28% in the previous three months and 61.13% in the past one year. The company is trading above its 50-day and 200-day moving averages of $119.16 and $101.43, respectively. Moreover, shares of Celgene Corp. have an RSI of 54.16. The complimentary notes on CELG can be downloaded as in PDF format at:
http://get.Investor-Edge.com/pdf/?c=Celgene&d=18-Mar-2015&s=CELG
PDL BioPharma Inc.’s stock advanced 1.12%, to close the day at $7.25. The stock recorded a trading volume of 3.04 million shares, below its three months average volume of 3.34 million shares. The stock oscillated between $7.18 and $7.29 during the session. Over the last one month and over the past one year, PDL BioPharma Inc.’s shares have declined 0.68% and 11.91%, respectively. However, the stock has advanced 0.28% in the previous three trading sessions. The company is trading below its 50-day and 200-day moving averages. The stock’s 200-day moving average of $8.38 is above its 50-day moving average of $7.26. Additionally, PDL BioPharma Inc. traded at a PE ratio of 3.79 and has an RSI of 51.21. Register for free on Investor-Edge and access the latest research on PDLI at:
http://get.Investor-Edge.com/pdf/?c=PDL%20BioPharma&d=18-Mar-2015&s=PDLI
On Tuesday, shares in Amarin Corp. PLC recorded a trading volume of 34.83 million shares, significantly higher than its three months average volume of 3.82 million shares. The stock ended the day at $2.37, which was 16.84% below its previous day’s closing of $2.85, and registered an intraday range of $2.26 and $2.88. Amarin Corp. PLC’s shares have rallied 100.85% in the last one month, 130.10% in the previous three months and 33.90% in the past one year. The company is trading above its 50-day and 200-day moving averages of $1.33 and $1.35, respectively. Furthermore, shares of Amarin Corp. PLC have an RSI of 90.30. The complete research on AMRN is available for free at:
http://get.Investor-Edge.com/pdf/?c=Amarin&d=18-Mar-2015&s=AMRN
Synergy Pharmaceuticals Inc.’s stock lost 1.62%, to close Tuesday’s session at $3.65, after oscillating between $3.54 and $3.91. The stock recorded a trading volume of 2.53 million shares, above its three months average volume of 1.12 million shares. Over the last one month and the previous three months, Synergy Pharmaceuticals Inc.’s shares have surged 22.90% and 22.07%, respectively. However, the stock has lost 38.66% in the last one year. The company is trading above its 50-day and 200-day moving averages. The stock’s 200-day moving average of $3.33 is above its 50-day moving average of $3.06. Further, Synergy Pharmaceuticals Inc.’s stock has an RSI of 71.74. Free in depth research on SGYP is available at:
http://get.Investor-Edge.com/pdf/?c=Synergy%20Pharma&d=18-Mar-2015&s=SGYP
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