Biotech Equities Under Review -- Research on Achillion Pharma, Mast Therapeutics, Alkermes, and Momenta Pharma Editor Note: For more information about this release, please scroll to bottom.
LONDON, May 9, 2014 /PRNewswire/ --
On Thursday, May 08, 2014, the NASDAQ Composite ended at 4,051.50, down 0.40%, the Dow Jones Industrial Average finished the day 0.20% higher at 16,550.97, and the S&P 500 closed at 1,875.63, down 0.14%. During the trading session, five out of ten sectors finished positive. The S&P 500 Health Care Sector Index ended the day at 664.48, down 0.53%, while the index has advanced 0.78% in the last one month. Investor-Edge has initiated coverage on the following equities: Achillion Pharmaceuticals Inc. (NASDAQ: ACHN), Mast Therapeutics Inc. (NYSE MKT: MSTX), Alkermes PLC (NASDAQ: ALKS) and Momenta Pharmaceuticals Inc. (NASDAQ: MNTA). Free technical research on ACHN, MSTX, ALKS and MNTA can be downloaded upon signing up at:
On Thursday, Achillion Pharmaceuticals Inc.'s stock recorded a trading volume of 1.75 million shares, close to its three months average volume of 1.70 million shares. The stock finished the day at $2.52, down 6.67%, and registered an intraday range of $2.48 and $2.74. Achillion Pharmaceuticals Inc.'s shares have declined 10.32% in the past three trading sessions and 17.38% in the last one month. Also, the stock has lost 24.07% on YTD basis. Furthermore, the company's stock is trading below its 50-day and 200-day moving averages of $3.16 and $4.05, respectively. Additionally, shares of the company have a Relative Strength Index (RSI) of 42.06. Sign up today to read free research on ACHN at:
Mast Therapeutics Inc.'s stock gained 4.59%, to close Thursday's session at $0.57, after oscillating between $0.53 and $0.58. The stock recorded a trading volume of 0.40 million shares, below its three months average volume of 2.24 million shares. Over the last one month and previous three months, Mast Therapeutics Inc.'s shares have fallen by 11.35% and 32.78%, respectively. However, from the beginning of 2014, the company's stock has advanced 23.28%. The company stock's 50-day moving average of $0.69 is above its 200-day moving average of $0.57. Further, the company's stock has an RSI of 36.53. Sign up today to read free research on MSTX at:
On Thursday, Alkermes PLC's stock finished the session 2.29% lower at $44.86. A total of 0.64 million shares were traded, which was below its three months average volume of 1.37 million shares. The stock moved between $44.72 and $46.98 during the session. Over the last one month and since the start of this year, shares of Alkermes PLC have gained 6.61% and 10.33%, respectively. However, the stock has gone-down by 10.53% over the previous three months. The company's shares are trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $45.60 is greater than its 200-day moving average of $40.34. Alkermes PLC's stock has an RSI of 50.76. Sign up today to read free research on ALKS at:
Shares in Momenta Pharmaceuticals Inc. fluctuated between $10.28 and $11.00 before ending Thursday's session down 4.09%, at $10.31. The company's stock reported a trading volume of 0.88 million shares, below its three months average volume of 0.96 million shares. Further, Momenta Pharmaceuticals Inc.'s shares have declined 6.61% over the last one month and 37.36% over the previous three months. Also, the stock has fallen by 41.69% on YTD basis. The stock is trading below its 50-day and 200-day moving averages. The stock's 200-day moving average of $15.77 is greater than its 50-day moving average of $12.97. Moreover, shares of the company have an RSI of 38.98. Sign up today to read free research on MNTA at:
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