Biotech Equities Technical Momentum -- Research on Organovo, Prana Biotechnology, Isis Pharma, and Pharmacyclics
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LONDON, July 14, 2014 /PRNewswire/ --
On Friday, July 11, 2014, the NASDAQ Composite ended at 4,415.49, up 0.44%, the Dow Jones Industrial Average advanced 0.17%, to finish the day at 16,943.81, and the S&P 500 closed at 1,967.57, up 0.15%. The gains were broad based as eight out of ten sectors ended the session in positive. The S&P 500 Health Care Sector Index ended the day at 712.90, up 0.14%, with the index also advancing 10.01% in the previous three months. Investor-Edge has initiated coverage on the following equities: Organovo Holdings Inc. (NYSE MKT: ONVO), Prana Biotechnology Ltd (NASDAQ: PRAN), Isis Pharmaceuticals Inc. (NASDAQ: ISIS) and Pharmacyclics Inc. (NASDAQ: PCYC). Free technical research on ONVO, PRAN, ISIS and PCYC can be downloaded upon signing up at:
http://www.investor-edge.com/4817-register
Organovo Holdings Inc.'s stock advanced 3.12%, to close the day at $7.93. The stock recorded a trading volume of 0.65 million shares, much below its three months average volume of 1.60 million shares. The stock oscillated between $7.71 and $8.06 during the session. Over the last one month and over the past three months, Organovo Holdings Inc.'s shares have gained 15.43% and 9.23%, respectively. However, the stock has lost 28.36% since the start of this year. The stock is trading above its 50-day moving average of $7.22, while the 50-day moving average is below Organovo Holdings Inc.'s 200-day moving average of $8.23. Additionally, the stock has a Relative Strength Index (RSI) of 51.40. Sign up today to read free research on ONVO at:
http://www.investor-edge.com/4817-ONVO-14Jul2014.pdf
On Friday, shares in Prana Biotechnology Ltd recorded a trading volume of 1.37 million shares, close to its three months average volume of 1.31 million shares. The stock ended the day at $2.61, which was 1.95% above its previous day's closing of $2.56, and registered an intraday range of $2.45 and $2.68. Prana Biotechnology Ltd's shares have surged 9.21% in the previous three trading sessions and 30.50% in the last one month. However, the stock has lost 62.77% since the start of this year. The company's stock is trading above its 50-day moving average of $1.93. Furthermore, shares of the company have an RSI of 70.44. Sign up today to read free research on PRAN at:
http://www.investor-edge.com/4817-PRAN-14Jul2014.pdf
Isis Pharmaceuticals Inc.'s stock finished the Friday's session 1.72% higher at $30.83. A total of 1.21 million shares were traded, which was below its three months average volume of 2.89 million shares. The stock moved between $30.12 and $31.17 during the session. Over the last three trading sessions and the previous one month, Isis Pharmaceuticals Inc.'s shares have declined 1.50% and 8.33%, respectively. Additionally, the company's stock has lost 22.62% since the beginning of this year. The stock is trading above its 50-day moving average of $30.05, while the 50-day moving average is below Isis Pharmaceuticals Inc.'s 50-day moving average of $38.18. Isis Pharmaceuticals Inc.'s stock has an RSI of 41.44. Sign up today to read free research on ISIS at:
http://www.investor-edge.com/4817-ISIS-14Jul2014.pdf
On Friday, shares in Pharmacyclics Inc. traded between $95.53 and $98.21 before ending the session 1.51% lower at $95.69. Pharmacyclics Inc.'s stock reported a trading volume of 0.68 million shares, below its three months average volume of 1.40 million shares. Shares of the company traded at a PE ratio of 54.37. Pharmacyclics Inc.'s shares have advanced 0.63% in the last one month and 11.13% in the previous three months. However, the stock has lost 9.54% since the start of this year. The stock is trading above its 50-day moving average of $93.46. Moreover, shares of the company have an RSI of 56.34. Sign up today to read free research on PCYC at:
http://www.investor-edge.com/4817-PCYC-14Jul2014.pdf
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