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Pre-Market Review: Celgene Corp., Forest Laboratories Inc., Peregrine Pharma Inc., and Edwards Lifesciences Corp.

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LONDON, October 9, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

The U.S. equity market slipped on Tuesday, October 8, 2013. The Dow Jones Industrial Average closed at 14,776.53, down 1.07%; the S&P 500 closed at 1,655.45, down 1.23%; and the NASDAQ Composite finished at 3,694.83, down 2.00%. The healthcare sector ended on a lower note, as the broader market posted losses. The major movers in the sector included Celgene Corporation (NASDAQ: CELG), Forest Laboratories Inc. (NYSE: FRX), Peregrine Pharmaceuticals Inc. (NASDAQ: PPHM), and Edwards Lifesciences Corporation (NYSE: EW).

AAAResearchReports.com initiated preliminary technical research on CELG, FRX, PPHM, and EW. These free reports are accessible by signing today at:

http://www.aaaresearchreports.com/register/  

Celgene Corp.'s stock plummeted on Tuesday, as the broader market posted losses. The company's shares closed the day at $148.53, down 3.47%, after oscillating between $148.24 and $155.24. A total of 3.86 million shares were traded, which is above the daily average volume of 2.61 million. Despite Tuesday's decline, the company's shares have gained 21.81% in the previous three months and 1.06% in the last one month, compared to a gain of 0.91% and 0.02% in the S&P 500 during the respective periods. Furthermore, Celgene Corp.'s stock is trading above its 50-day and 200-day moving averages of $145.08 and $120.60, respectively. The free technical analysis on CELG is available by signing up at:

http://www.AAAResearchReports.com/CELG100913.pdf

Shares in Forest Laboratories Inc. edged lower on Tuesday, extending the losses from the previous trading session. The company's shares fluctuated between $42.58 and $43.02 before finishing the day 0.51% lower at $42.65. A total of 1.98 million shares were traded, which is above the daily average volume of 1.15 million. The company's shares have lost 0.58% in the previous three trading sessions, compared to a loss of 1.38% in the S&P 500 during the same period. Moreover, Forest Laboratories Inc.'s stock is trading above its 200-day moving average of $39.64. Register now to download free research on FRX at:

http://www.AAAResearchReports.com/FRX100913.pdf

On Tuesday, Peregrine Pharmaceuticals Inc.'s stock plummeted 4.14%, tracking losses in the broader market. The company's shares ended the day at $1.39 after fluctuating between $1.37 and $1.47 during the trading session. A total of 1.74 million shares were traded, which is above the daily average volume of 1.16 million. The company's shares have declined 4.14% in the previous one month, underperforming the S&P 500 which has gained 0.02% during the same period. Further, Peregrine Pharmaceuticals Inc.'s stock is also trading below its 50-day and 200-day moving averages of $1.41 and $1.53, respectively. A free report on PPHM can be accessed by registering at:

http://www.AAAResearchReports.com/PPHM100913.pdf

Shares in Edwards Lifesciences Corp. declined on Tuesday and finished 0.26% lower than the previous day's closing price of $72.58. The company's shares closed the day at $72.39 after oscillating between $72.38 and $73.00 during the trading session. A total of 1.24 million shares were traded, which is above the daily average volume of 1.22 million. Edwards Lifesciences Corp.'s shares have gained 8.35% in the previous three months and 1.29% in the last one month, outperforming the S&P 500 which has gained 0.91% and 0.02% during the respective periods. Additionally, the company's stock is trading above its 50-day moving average of $71.35. Register with AAA Research Reports and download research on EW for free at:

http://www.AAAResearchReports.com/EW100913.pdf  

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EDITOR NOTES:

  1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  2. Information in this release is fact checked and produced on a best efforts basis and reviewed by Ananya Ghosh, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
  3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
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Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

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SOURCE AAA Research Reports



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