Technical Updates on Biotech Stocks -- Research on Alexion Pharma, Acorda Therapeutics, Clovis Oncology, and Sangamo BioSciences Editor Note: For more information about this release, please scroll to bottom.

LONDON, May 9, 2014 /PRNewswire/ --

The markets on Thursday, May 08, 2014 ended on a mixed note as the S&P 500 finished the session 0.14% lower at 1,875.63, and the NASDAQ Composite closed at 4,051.50, down 0.40%. The Dow Jones Industrial Average finished at 16,550.97, up 0.20%. During the session, the five out of ten sectors ended in positive. The session saw a positive impact from Telecommunication Services, Consumer Discretionary and Financials sectors along with a drag from Energy, Utilities and Health Care sectors. The S&P 500 Health Care Sector Index closed the day at 664.48, down 0.53%, while the index has advanced 1.96% in the previous three months. Investor-Edge has initiated coverage on the following equities: Alexion Pharmaceuticals Inc. (NASDAQ: ALXN), Acorda Therapeutics Inc. (NASDAQ: ACOR), Clovis Oncology Inc. (NASDAQ: CLVS) and Sangamo BioSciences Inc. (NASDAQ: SGMO). Free technical research on ALXN, ACOR, CLVS and SGMO can be downloaded upon signing up at:

Alexion Pharmaceuticals Inc.'s stock declined 1.71%, to close the day at $151.05. The stock recorded a trading volume of 1.04 million shares, much below its three months average volume of 1.89 million shares. The stock oscillated between $150.68 and $157.07 during the session. Although, Alexion Pharmaceuticals Inc. stock has lost 5.42% in the previous three trading sessions, it has advanced 2.30% in the last one month and 13.67% since the start of this year. The stock is trading above its 200-day moving average of $133.98, while the 200-day moving average is below Alexion Pharmaceuticals Inc.'s 50-day moving average of $159.98. Additionally, the stock traded at a PE ratio of 71.03 and has an RSI of 48.56. Sign up today to read free research on ALXN at:

Acorda Therapeutics Inc.'s stock finished the Thursday's session 3.45% lower at $29.69. A total of 0.48 million shares were traded, which was close to its three months average volume of 0.53 million shares. The stock moved between $29.61 and $31.23 during the session. Shares of the company traded at a PE ratio of 65.42. Over the previous three trading sessions and the last three months, Acorda Therapeutics Inc.'s shares have declined 6.43% and 1.69%, respectively. However, from the beginning of 2014, the company's stock has gained an upside of 1.68%. The company's shares are trading below their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $36.56 is greater than its 200-day moving average of $33.99. Acorda Therapeutics Inc.'s stock has an RSI of 33.09. Sign up today to read free research on ACOR at:

On Thursday, shares in Clovis Oncology Inc. traded between $49.14 and $51.50 before ending the session 3.09% lower at $49.32. Clovis Oncology Inc.'s stock reported a trading volume of 0.69 million shares, which was above its three months average volume of 0.61 million shares. Clovis Oncology Inc.'s shares have declined 8.28% in the previous three trading sessions, 24.74% in the last one month and 18.17% on YTD basis. The stock is trading below its 50-day and 200-day moving averages of $68.85 and $64.40, respectively. Moreover, shares of the company have an RSI of 30.87. Sign up today to read free research on CLVS at:

On Thursday, shares in Sangamo BioSciences Inc. recorded a trading volume of 1.23 million shares, lower than its three months average volume of 1.62 million shares. The stock ended the day at $11.71, which was 0.43% below its previous day's closing of $11.76, and registered an intraday range of $11.64 and $12.72. Over the previous three trading sessions and over the last one month, company's shares have plummeted 11.76% and 24.65% respectively. Additionally, the stock has declined 15.69% since start of this year. The company's stock is trading below its 50-day and 200-day moving averages of $17.54 and $13.95, respectively. Furthermore, shares of the company have an RSI of 25.48. Sign up today to read free research on SGMO at:


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