Today's Technical View: Elan Corp., Amarin, Seattle Genetics, and Cubist Pharma
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LONDON, July 5, 2013 /PRNewswire/ --
On Wednesday, July 3, 2013, shares in biotechnology companies and drug manufacturers ended mostly lower even as the broader market posted modest gains. The major movers in the sector included Elan Corporation Plc (ADR) (NYSE: ELN), Amarin Corporation Plc (ADR) (NASDAQ: AMRN), Seattle Genetics Inc. (NASDAQ: SGEN), and Cubist Pharmaceuticals Inc. (NASDAQ: CBST). All these companies are tracked by AAAResearchReports.com. Free in-depth technical analysis on ELN, AMRN, SGEN, and CBST are currently available upon sign up at:
Shares in Elan Corporation Plc struggled on Wednesday even as the broader market posted gains. The company's shares oscillated between $14.05 and $14.22 before closing the day 0.70% lower at $14.12. A total of 3.65 million shares were traded which is below the daily average volume of 15.85 million. The company's shares are still trading near their 52-week high of $14.80. In the last three months, the stock has gained 21.62%, thus outperforming the S&P 500 which gained 3.55% in the same period. Sign up for free technical analysis on ELN at:
Amarin Corporation Plc's stock rose sharply on Wednesday, finishing at $5.83, up 2.10% from its previous closing price. The company's shares oscillated between $5.59 and $5.86. A total of 1.45 million shares were traded which is less than its daily average volume of 3.71 million. Despite Wednesday's rally, the company's shares are still trading near their 52-week low of $5.36. In the last one month, the stock has fallen 15.63%. Download free report on AMRN by registering at:
Shares in Seattle Genetics Inc. edged lower on Wednesday, reversing some of their gains for the week. The company's shares ended the day 0.27% lower at $33.52 after fluctuating between $33.31 and $33.97. A total of 536,902 shares were traded which is less than the daily average volume of 1.24 million. The stock has fallen 0.33% in the last one month. The free report on SGEN can be downloaded by signing up now at:
Cubist Pharmaceuticals Inc.'s stock ended slightly lower on Wednesday. The stock closed the day at $52.48, down 0.08% from its previous closing price. The company's shares oscillated between $51.87 and $53.17. A total of 745,494 shares were traded which is below the daily average volume of 1.19 million. The company's shares are currently trading near their 52-week high of $56.68. Moreover, the stock is trading above its 50-day and 200-day moving averages. In the last three months, the company's shares have gained 14.11%, thus outperforming the S&P 500. A free report on CBST can be accessed by registering at:
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SOURCE AAA Research Reports
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