Premarket Research Report Covering the Biotech Industry
LONDON, UK / ACCESSWIRE / June 6, 2016 / ActiveWallSt.com announces the list of stocks for today’s research coverage. Pre-market the Active Wall St. team provides the latest corporate, market and technical events impacting selected stocks on the biotech industry. Companies recently under review include Incyte, Chimerix, Lexicon Pharma, and Synthetic Biologics. Register with us now for your free membership and see our complete reports on these equities at:
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The Biotech industry is consistently improving, and has even trended higher over the past couple of weeks. Growth opportunities are opening up, making stocks in this space worthy of investors notice. Let us take a brief technical look at how each of the companies mentioned above have fared over the last few trading sessions. Register with us now and access the full reports on these stocks at:
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Incyte Corporation (NASDAQ: INCY)
Wilmington, Delaware headquartered Incyte Corporation focuses on the discovery, development, and commercialization of proprietary therapeutics in oncology. Last Friday, the Company’s stock saw a correction of 3.14%, to close the day at $84.96 with a total volume of 1.20 million shares traded. The Company’s shares have advanced 23.69% in the last month and 18.02% over the previous three months. The stock is trading 12.13% above its 50-day moving average. Additionally, shares of Incyte have a Relative Strength Index (RSI) of 61.70.
Chimerix Inc. (NASDAQ: CMRX)
Shares in North Carolina-based Chimerix Inc., which discovers, develops, and commercializes oral antiviral in the areas of unmet medical needs in the U.S., finished Friday’s session at $4.78 which was a correction of 4.21% from its previous closing price. The stock recorded a trading volume of 851,645 shares. The Company’s shares are trading below their 50-day moving average by 9.53%. Furthermore, shares of Chimerix have an RSI of 42.53.
Lexicon Pharmaceuticals Inc. (NASDAQ: LXRX)
Texas-based biopharmaceutical Company, Lexicon Pharmaceuticals Inc.’s stock finished 1.88% lower at $14.62 last Friday at the close, and with a total volume of 481,092 shares traded. The Company’s shares have advanced 21.63% in the past month, 32.91% in the previous three months, and 9.84% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 11.05% and 22.15%, respectively. Additionally, shares of Lexicon Pharmaceuticals have an RSI of 63.08.
Synthetic Biologics Inc. (AMEX: SYN)
Shares in Rockville, Maryland headquartered Synthetic Biologics Inc., a clinical stage Company, ended last Friday’s session 0.95% lower at $2.09. The stock recorded a trading volume of 436,613 shares. The Company’s shares have advanced 4.50% in the last month and 13.59% over the previous three months. The stock is trading 4.90% below its 200-day moving average. Moreover, shares of Synthetic Biologics have an RSI of 42.84. On May 6th, 2016, research firm FBR Capital reiterated its ‘Outperform’ rating with a decrease of the target price to $9 a share from $10 a share for the Company’s stock.
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