Technical Summary on Pharma Stocks -- Research on Salix Pharma, Nektar Therapeutics, Corcept Therapeutics, and Jazz Pharma

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May 12, 2014, 12:30 ET from Investor-Edge

LONDON, May 12, 2014 /PRNewswire/ --

The US markets saw a positive sentiment on Friday, May 9, 2014, with the NASDAQ Composite closing at 4,071.87, up 0.50%, the Dow Jones Industrial Average ending the session 0.20% higher at 16,583.34, and the S&P 500 edging 0.15% higher to finish the trading session at 1,878.48. The gains were broad based as six out of the ten sectors ended the session in positive. The S&P 500 Health Care Sector Index ended the day at 668.35, up 0.58%, with the index advancing 3.66% in the last one month. Investor-Edge has initiated coverage on the following equities: Salix Pharmaceuticals Ltd (NASDAQ: SLXP), Nektar Therapeutics (NASDAQ: NKTR), Corcept Therapeutics Inc. (NASDAQ: CORT) and Jazz Pharmaceuticals PLC (NASDAQ: JAZZ). Free technical research on SLXP, NKTR, CORT and JAZZ can be downloaded upon signing up at:

Shares in Salix Pharmaceuticals Ltd finished the Friday's session 2.13% lower at $103.56. A total of 1.45 million shares were traded, which was above its three months average volume of 1.11 million shares. The stock vacillated between $100.52 and $105.53 during the session. Over the last one month and the previous three months, Salix Pharmaceuticals Ltd's shares have advanced 4.53% and 1.16%, respectively. Additionally, from the beginning of 2014, the company's stock has gained an upside of 15.14%. The stock is trading above its 200-day moving average of $87.76, while the 200-day moving average is below Salix Pharmaceuticals Ltd's 50-day moving average of $107.34. The company's stock traded at a PE ratio of 50.99 and has a Relative Strength Index (RSI) of 42.56. Sign up today to read free research on SLXP at:

On Friday, shares in Nektar Therapeutics fluctuated between $10.53 and $11.00 before ending the session 0.46% higher at $10.93. The stock reported a trading volume of 1.06 million shares, below its three months average volume of 1.28 million shares. Nektar Therapeutics's shares have advanced 3.80% in the last one month, whereas the stock has fallen by 2.50% in the previous three trading sessions and 3.70% on YTD basis. The stock is trading below its 50-day and 200-day moving averages of $12.29 and $11.95, respectively. Moreover, shares of Nektar Therapeutics have an RSI of 41.69. Sign up today to read free research on NKTR at:

On Friday, shares in Corcept Therapeutics Inc. surged 5.75%, to close the day at $1.84. The stock recorded a trading volume of 1.58 million shares, much above its three months average volume of 0.67 million shares. The stock oscillated between $1.69 and $1.93 during the session. Over the last three trading sessions and over the past one month, Corcept Therapeutics Inc.'s shares have plummeted 54.23% and 49.31%, respectively. Further, the stock has declined 42.68% since the start of this year. The company's shares are trading below their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $3.84 is greater than its 200-day moving average of $2.65. Additionally, Corcept Therapeutics Inc.'s stock has an RSI of 27.77. Sign up today to read free research on CORT at:

On Friday, shares in Jazz Pharmaceuticals PLC recorded a trading volume of 3.02 million shares, higher than its three months average volume of 1.23 million shares. The stock ended the day at $129.45, which was 3.17% below its previous day's closing of $133.69, and registered an intraday range of $120.38 and $129.76. Shares of the company traded at a PE ratio of 73.10. Although Jazz Pharmaceuticals PLC's stock has lost 5.99% in the previous three trading sessions, it has advanced 0.65% in the last one month and 2.28% on YTD basis. The company's stock is trading above its 200-day moving average of $117.69. Furthermore, shares of Jazz Pharmaceuticals PLC have an RSI of 39.36. Sign up today to read free research on JAZZ at:

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