Biotech Stocks Technical Analysis - Achillion Pharma, CTI BioPharma, StemCells, Progenics Pharma, and Bluebird Bio
LONDON, May 14, 2015 /PRNewswire/ --
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Investor-Edge has initiated coverage on the following equities: Achillion Pharmaceuticals Inc. (NASDAQ: ACHN), CTI BioPharma Corporation (NASDAQ: CTIC), StemCells Inc. (NASDAQ: STEM), Progenics Pharmaceuticals Inc. (NASDAQ: PGNX), and Bluebird Bio Inc. (NASDAQ: BLUE). Free research report on Achillion Pharma can be accessed at http://get.Investor-Edge.com/pdf/?c=Achillion%20Pharma&d=14-May-2015&s=ACHN. The US markets on Wednesday, May 13, 2015, ended on a mixed note as the Dow Jones Industrial Average finished at 18,060.49, down 0.04% and the NASDAQ Composite closed at 4,981.69, up 0.11%. The S&P 500 finished the session 0.03% lower at 2,098.48. During the trading session, four out of ten sectors finished on a higher note. The S&P 500 Health Care Sector Index ended the day at 843.82, down 0.02%, whereas the index has advanced 3.18% in the previous three months. Register for your complimentary reports at the links given below.
Achillion Pharmaceuticals Inc.'s stock fell 1.77%, to close the day at $9.45. The stock recorded a trading volume of 1.34 million shares, below its three months average volume of 3.49 million shares. The company's shares oscillated between $9.39 and $9.74 during the session. The stock has advanced 0.21% in the previous three trading sessions. However, over the last one month and over the past three months, Achillion Pharmaceuticals Inc.'s shares have lost 10.34% and 13.22%, respectively. The company is trading below its 50-day and 200-day moving averages. Achillion Pharmaceuticals Inc.'s 200-day moving average of $11.47 is above its 50-day moving average of $10.31. Additionally, the stock has a Relative Strength Index (RSI) of 46.52. Sign up and read the free notes on ACHN at:
http://get.Investor-Edge.com/pdf/?c=Achillion%20Pharma&d=14-May-2015&s=ACHN
On Wednesday, shares in CTI BioPharma Corp. recorded a trading volume of 1.90 million shares, lower than its three months average volume of 3.54 million shares. The stock ended the day at $1.75, which was 0.57% below its previous day's closing of $1.76, and registered an intraday range of $1.74 and $1.81. CTI BioPharma Corp.'s shares have lost 4.37% in the previous three trading sessions, 9.33% in the last one month, and 21.52% in the past three months. The company is trading below its 50-day and 200-day moving averages of $2.00 and $2.28, respectively. Furthermore, shares of CTI BioPharma Corp. have an RSI of 40.22. The complimentary notes on CTIC can be downloaded as in PDF format at:
http://get.Investor-Edge.com/pdf/?c=CTI%20BioPharma&d=14-May-2015&s=CTIC
StemCells Inc.'s stock lost 1.96% to end Wednesday's session at $0.62. The stock recorded a trading volume of 2.35 million shares, above its three months average volume of 1.33 million shares. The company's shares fluctuated between $0.62 and $0.66 during the session. StemCells Inc.'s shares have declined 33.97% since the beginning of 2015. Furthermore, the stock has plummeted 37.69% over the last one month and 43.12% in the previous three months. The company is trading below its 50-day and 200-day moving averages. StemCells Inc.'s 200-day moving average of $1.16 is above its 50-day moving average of $0.94. Additionally, the stock has an RSI of 29.10. Register for free on Investor-Edge and access the latest research on STEM at:
http://get.Investor-Edge.com/pdf/?c=StemCells&d=14-May-2015&s=STEM
On Wednesday, shares in Progenics Pharmaceuticals Inc. fluctuated between $5.25 and $5.50 before ending the session 0.73% lower at $5.42. The stock reported a trading volume of 0.81 million shares, lower than its three months average volume of 0.95 million shares. Shares of the company traded at a PE ratio of 133.75. Progenics Pharmaceuticals Inc.'s stock has lost 3.04% in the previous three trading sessions, 13.42% in the last one month, and 4.24% in the past three months. The company is trading below its 50-day and 200-day moving averages of $6.06 and $5.86, respectively. Moreover, shares of Progenics Pharmaceuticals Inc. have an RSI of 44.96. The complete research on PGNX is available for free at:
http://get.Investor-Edge.com/pdf/?c=Progenics%20Pharma&d=14-May-2015&s=PGNX
Bluebird Bio Inc.'s stock finished Wednesday's session 3.53% lower at $160.34. A total of 0.94 million shares were traded, which was above its three months average volume of 0.69 million shares. The stock vacillated between $156.75 and $169.24 during the session. Over the last one month and over the past three months, Bluebird Bio Inc.'s shares have surged 24.66% and 76.78%, respectively. Additionally, from the beginning of 2015, the stock has surged 74.81%. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $127.48 is greater than its 200-day moving average of $75.46. Bluebird Bio Inc.'s stock has an RSI of 79.10. Free in depth research on BLUE is available at:
http://get.Investor-Edge.com/pdf/?c=Bluebird%20Bio&d=14-May-2015&s=BLUE
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