Technical Coverage on Pharma Stocks -- Teva Pharmaceutical Industries, AbbVie, Merck, Johnson and Johnson, and Bristol-Myers Squibb
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LONDON, August 20, 2014 /PRNewswire/ --
The trading session on Tuesday, August 19, 2014 ended on a higher note as the Dow Jones Industrial Average finished at 16,919.59, up 0.48% and the NASDAQ Composite closed at 4,527.51, up 0.43%. The S&P 500 finished the day 0.50% higher at 1,981.60. During the trading session nine out of ten sectors finished on a positive note. The S&P 500 Health Care Sector Index finished the day at 726.42, up 0.66%, and the index has advanced 7.42% in the previous three months. Investor-Edge has initiated coverage on the following equities: Teva Pharmaceutical Industries Ltd (NYSE: TEVA), AbbVie Inc. (NYSE: ABBV), Merck and Co. Inc. (NYSE: MRK), Johnson and Johnson (NYSE: JNJ) and Bristol-Myers Squibb Co. (NYSE: BMY). Free research on these five companies can be accessed at:
http://investor-edge.com/register
Shares in Teva Pharmaceutical Industries gained 1.45% on Tuesday, ending the session at $52.79. A total of 3.43 million shares were traded, below its three months average volume of 4.06 million shares. The stock moved between $52.04 and $52.84 during the session. Shares in Teva Pharmaceutical Industries Ltd have advanced 0.86% in the previous three trading sessions and 31.71% on YTD basis. However, the stock has lost 3.54% in the last one month. The company's stock is trading below its 50-day moving average. The stock's 50-day moving average of $53.09 is above its 200-day moving average of $47.53. Further, shares in Teva Pharmaceutical Industries Ltd have a Relative Strength Index (RSI) of 47.78. Sign up and read the free notes on TEVA at:
http://www.Investor-Edge.com/TEVA-20Aug2014
AbbVie Inc.'s stock recorded a trading volume of 9.16 million shares, which was close to its three months average volume of 9.73 million shares. On Tuesday, the stock finished the day at $55.29, which was 1.80% higher its previous day's closing of $54.31, and registered an intraday range of $54.18 and $55.31. Shares in AbbVie Inc. have gained 2.03% in the previous three trading sessions and 0.69% in the last one month. Additionally, the company's shares are up 4.70% on YTD basis. Shares in AbbVie Inc. are trading above their 50-day and 200-day moving averages of $54.32 and $51.69, respectively. Furthermore, the stock traded at a PE ratio of 19.09 and has an RSI of 54.26. The complimentary notes on ABBV can be downloaded as in PDF format at:
http://www.Investor-Edge.com/ABBV-20Aug2014
Shares in Merck and Co. Inc. fluctuated between $58.34 and $58.95 before ending Tuesday's session 0.84% higher at $58.91. The stock reported a trading volume of 7.43 million shares, which was near its three months average volume of 8.23 million shares. Shares of the company traded at a PE ratio of 16.88. Shares in Merck and Co. Inc. have advanced 0.22% in the previous three trading sessions and 0.98% in the last one month. Moreover, the company's shares have mapped gains of 17.70% on YTD basis. Shares in Merck and Co. Inc. are trading above their 50-day and 200-day moving averages of $57.99 and $54.55, respectively. Additionally, the company's shares have an RSI of 56.89. Register for free on Investor-Edge and access the latest research on MRK at:
http://www.Investor-Edge.com/MRK-20Aug2014
On Tuesday, shares in Johnson and Johnson edged 0.25% higher, closing the day at an intra-day high of $102.96. The stock recorded a trading volume of 5.67 million shares, which was below its three months average volume of 6.17 million shares. The stock oscillated between $102.02 and $102.96 during the session. The stock traded at a PE ratio of 17.66. Shares in Johnson and Johnson have gained 0.92% in the previous three trading sessions and 1.14% in the last one month. Moreover, the company's shares have advanced 12.41% since the start of this year. Johnson and Johnson's shares are trading below their 50-day moving average. The stock's 50-day moving average of $103.00 is above its 200-day moving average of $97.16. Further, the stock has an RSI of 54.82. The complete research on JNJ is available for free at:
http://www.Investor-Edge.com/JNJ-20Aug2014
Shares in Bristol-Myers Squibb Co. advanced 0.62% on Tuesday, closing the day at an intra-day high of $50.30. The stock recorded a trading volume of 4.38 million shares, which was below its three months average volume of 7.74 million shares. The stock oscillated between $49.83 and $50.30 during the session. Shares of the company traded at a PE ratio of 27.90. Shares in Bristol-Myers Squibb Co. have advanced 0.96% in the previous three trading sessions and 2.40% in the last one month. However, the company's shares have fallen by 5.36% since the start of this year. Shares in Bristol-Myers Squibb Co. are trading above their 50-day moving average. The stock's 50-day moving average of $48.76 is below its 200-day moving average of $51.05. Moreover, the stock has an RSI of 56.68. Free in depth research on BMY is available at:
http://www.Investor-Edge.com/BMY-20Aug2014
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