Technical Coverage on Biotech Stocks -- Research on Athersys, Lexicon Pharma, Biogen Idec, and Theravance

LONDON, May 12, 2014 /PRNewswire/ --

On Friday, May 09, 2014, the NASDAQ Composite ended at 4,071.87, up 0.50%, the Dow Jones Industrial Average finished the day 0.20% higher at 16,583.34, and the S&P 500 closed at 1,878.48, up 0.15%. The gains were broad based as six out of ten sectors ended the session in positive. The S&P 500 Health Care Sector Index ended the day at 668.35, up 0.58%, and the index has advanced 3.66% in the last one month. Investor-Edge has initiated coverage on the following equities: Athersys Inc. (NASDAQ: ATHX), Lexicon Pharmaceuticals Inc. (NASDAQ: LXRX), Biogen Idec Inc. (NASDAQ: BIIB) and Theravance Inc. (NASDAQ: THRX). Free technical research on ATHX, LXRX, BIIB and THRX can be downloaded upon signing up at:

http://www.investor-edge.com/2398-register

On Friday, Athersys Inc.'s stock recorded a trading volume of 1.13 million shares, lower than its three months average volume of 1.32 million shares. The stock finished the day flat at the previous day's closing price of $1.40, and registered an intraday range of $1.33 and $1.47. Athersys Inc.'s shares have lost 12.50% in the past three trading sessions and 51.05% in the last one month. Also, the stock has fallen by 44.00% on YTD basis. Furthermore, the company's stock is trading below its 50-day and 200-day moving averages of $2.92 and $2.48, respectively. Additionally, Shares of the company have a Relative Strength Index (RSI) of 24.70. Sign up today to read free research on ATHX at:

http://www.investor-edge.com/2398-ATHX-12May2014.pdf

Lexicon Pharmaceuticals Inc.'s stock gained 5.19%, to close Friday's session at an intra-day high of $1.42, after oscillating between $1.36 and $1.42. The stock recorded a trading volume of 0.83 million shares, below its three months average volume of 1.42 million shares. Over the previous three trading sessions, Lexicon Pharmaceuticals Inc.'s shares have gained 0.71%. However, over the last one month and from the beginning of 2014, the company's stock has declined 10.69% and 21.07%, respectively. The stock is trading below its 50-day and 200-day moving averages. The company stock's 200-day moving average of $2.06 is above its 50-day moving average of $1.66. Further, the company's stock has an RSI of 38.68. Sign up today to read free research on LXRX at:

http://www.investor-edge.com/2398-LXRX-12May2014.pdf

On Friday, Biogen Idec Inc.'s stock finished the session 1.30% higher at $286.65. A total of 1.08 million shares were traded, which was below its three months average volume of 1.74 million shares. The stock moved between $278.59 and $286.99 during the session. Over the past three trading sessions and last one month, Biogen Idec Inc.'s shares have advanced 0.25% and 4.62%, respectively. Also, the stock has gone-up 2.53% since the start of this year. The company's shares are trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $308.23 is greater than its 200-day moving average of $273.02. Biogen Idec Inc.'s stock traded at a PE ratio of 35.49 and it has an RSI of 45.31. Sign up today to read free research on BIIB at:

http://www.investor-edge.com/2398-BIIB-12May2014.pdf

Shares in Theravance Inc. fluctuated between $26.07 and $26.94 before ending Friday's session down 0.11%, at $26.86. The company's stock reported a trading volume of 0.79 million shares, below its three months average volume of 0.98 million shares. Further, Theravance Inc.'s shares have lost 4.04% over the last one month and 28.89% over the previous three months. Also, the stock has fallen by 24.66% on YTD basis. The stock is trading below its 50-day and 200-day moving averages. The stock's 200-day moving average of $35.54 is greater than its 50-day moving average of $30.26. Moreover, shares of the company have an RSI of 37.32. Sign up today to read free research on THRX at:

http://www.investor-edge.com/2398-THRX-12May2014.pdf

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EDITOR'S NOTES:
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