Biotech Stocks Technical Insight - Incyte, Regado Biosciences, ACADIA Pharma, Pharmacyclics, and Raptor Pharma
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LONDON, September 26, 2014 /PRNewswire/ --
The US markets on Thursday, September 25, 2014, declined with the Dow Jones Industrial Average finishing at 16,945.80, down 1.54% and the NASDAQ Composite closing at 4,466.75, down 1.94%. The S&P 500 ended the session 1.62% lower at 1,965.99. During the trading session, all the ten sectors finished on a negative note. The S&P 500 Health Care Sector Index closed the day at 743.47, down 1.58%, whereas the index has advanced 4.99% in the previous three months. Investor-Edge has initiated coverage on the following equities: Incyte Corporation (NASDAQ: INCY), Regado Biosciences Inc. (NASDAQ: RGDO), ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD), Pharmacyclics Inc. (NASDAQ: PCYC), and Raptor Pharmaceutical Corporation (NASDAQ: RPTP). Free research on these five companies can be accessed at:
http://investor-edge.com/register
Incyte Corp.'s stock fell 1.36%, to close the day at $48.66. The stock recorded a trading volume of 0.87 million shares, below its three months average volume of 0.97 million shares. The company's shares oscillated between $48.13 and $49.88 during the session. Over the last one month and over the past three months, Incyte Corp.'s shares have lost 8.88% and 13.45%, respectively. However, the stock has gained 2.64% in the previous three trading sessions. The company's stock is trading below its 50-day and 200-day moving averages. The stock's 200-day moving average of $54.02 is above its 50-day moving average of $49.68. Additionally, the stock has a Relative Strength Index (RSI) of 47.38. Sign up and read the free notes on INCY at:
http://www.Investor-Edge.com/INCY-26Sep2014
On Thursday, shares in Regado Biosciences Inc. recorded a trading volume of 1.87 million shares, higher than its three months average volume of 0.87 million shares. The stock ended the day at $1.18, which was 15.69% above its previous day's closing of $1.02, and registered an intraday range of $1.01 and $1.20. Although Regado Biosciences Inc.'s stock has gained 19.43% in the previous three trading sessions and 4.42% in the last one month, it has plummeted 75.26% on YTD basis. The company's stock is trading below its 50-day and 200-day moving averages of $2.02 and $5.60, respectively. Furthermore, shares of the company have an RSI of 24.28. On September 24, 2014, Regado Biosciences Inc. announced a reduction of its workforce by approximately 60%, or 20 employees, across all operational sites. The company expects that the reduction in workforce, coupled with the termination of expenses associated with its REGULATE-PCI clinical trial, will significantly decrease annualized cash expenditures. The complimentary notes on RGDO can be downloaded as in PDF format at:
http://www.Investor-Edge.com/RGDO-26Sep2014
ACADIA Pharmaceuticals Inc.'s stock declined 4.17% to end Thursday's session at $25.71. The stock recorded a trading volume of 1.29 million shares, above its three months average volume of 1.18 million shares. The company's shares fluctuated between $25.56 and $26.99 during the session. ACADIA Pharmaceuticals Inc.'s shares have advanced 2.88% since the beginning of 2014. Further, the stock has gained 11.06% in the last one month and 11.59% over the previous three months. The company's stock is trading above its 50-day and 200-day moving averages. The stock's 50-day moving average of $23.42 is above its 200-day moving average of $23.19. Additionally, the stock has an RSI of 58.35. Register for free on Investor-Edge and access the latest research on ACAD at:
http://www.Investor-Edge.com/ACAD-26Sep2014
On Thursday, shares in Pharmacyclics Inc. fluctuated between $116.55 and $119.61 before ending the session 1.42% lower at $117.47. The stock reported a trading volume of 0.65 million shares, lower than its three months average volume of 0.98 million shares. Shares of the company traded at a PE ratio of 105.83. Pharmacyclics Inc.'s shares have fallen by 2.06% in the previous three trading sessions, while the stock has gained 32.87% in the last three months, and 11.05% on YTD basis. The company's stock is trading above its 50-day and 200-day moving averages of $117.37 and $111.89, respectively. Moreover, shares of Pharmacyclics Inc. have an RSI of 47.67. The complete research on PCYC is available for free at:
http://www.Investor-Edge.com/PCYC-26Sep2014
Raptor Pharmaceutical Corp.'s stock finished Thursday's session 3.06% lower at $10.15. A total of 0.28 million shares were traded, which was much below its three months average volume of 0.65 million shares. The stock vacillated between $10.11 and $10.65 during the session. Over the last one month and over the previous three months, Raptor Pharmaceutical Corp.'s shares have lost 10.89% and 8.89%, respectively. Additionally, from the beginning of 2014, the stock has declined 22.04%. The company's shares are trading above their 50-day moving average. Moreover, the stock's 200-day moving average of $11.42 is greater than its 50-day moving average of $10.11. Raptor Pharmaceutical Corp.'s stock has an RSI of 47.90. Free in depth research on RPTP is available at:
http://www.Investor-Edge.com/RPTP-26Sep2014
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