Technical Coverage on Biotech Stocks -- Research on Athersys, Lexicon Pharma, Biogen Idec, and Theravance - WLTZ 38 | Columbus Georgia Regional News & Community

Technical Coverage on Biotech Stocks -- Research on Athersys, Lexicon Pharma, Biogen Idec, and Theravance

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SOURCE Investor-Edge

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LONDON, May 12, 2014 /PRNewswire/ --

On Friday, May 09, 2014, the NASDAQ Composite ended at 4,071.87, up 0.50%, the Dow Jones Industrial Average finished the day 0.20% higher at 16,583.34, and the S&P 500 closed at 1,878.48, up 0.15%. The gains were broad based as six out of ten sectors ended the session in positive. The S&P 500 Health Care Sector Index ended the day at 668.35, up 0.58%, and the index has advanced 3.66% in the last one month. Investor-Edge has initiated coverage on the following equities: Athersys Inc. (NASDAQ: ATHX), Lexicon Pharmaceuticals Inc. (NASDAQ: LXRX), Biogen Idec Inc. (NASDAQ: BIIB) and Theravance Inc. (NASDAQ: THRX). Free technical research on ATHX, LXRX, BIIB and THRX can be downloaded upon signing up at:

http://www.investor-edge.com/2398-register

On Friday, Athersys Inc.'s stock recorded a trading volume of 1.13 million shares, lower than its three months average volume of 1.32 million shares. The stock finished the day flat at the previous day's closing price of $1.40, and registered an intraday range of $1.33 and $1.47. Athersys Inc.'s shares have lost 12.50% in the past three trading sessions and 51.05% in the last one month. Also, the stock has fallen by 44.00% on YTD basis. Furthermore, the company's stock is trading below its 50-day and 200-day moving averages of $2.92 and $2.48, respectively. Additionally, Shares of the company have a Relative Strength Index (RSI) of 24.70. Sign up today to read free research on ATHX at:

http://www.investor-edge.com/2398-ATHX-12May2014.pdf

Lexicon Pharmaceuticals Inc.'s stock gained 5.19%, to close Friday's session at an intra-day high of $1.42, after oscillating between $1.36 and $1.42. The stock recorded a trading volume of 0.83 million shares, below its three months average volume of 1.42 million shares. Over the previous three trading sessions, Lexicon Pharmaceuticals Inc.'s shares have gained 0.71%. However, over the last one month and from the beginning of 2014, the company's stock has declined 10.69% and 21.07%, respectively. The stock is trading below its 50-day and 200-day moving averages. The company stock's 200-day moving average of $2.06 is above its 50-day moving average of $1.66. Further, the company's stock has an RSI of 38.68. Sign up today to read free research on LXRX at:

http://www.investor-edge.com/2398-LXRX-12May2014.pdf

On Friday, Biogen Idec Inc.'s stock finished the session 1.30% higher at $286.65. A total of 1.08 million shares were traded, which was below its three months average volume of 1.74 million shares. The stock moved between $278.59 and $286.99 during the session. Over the past three trading sessions and last one month, Biogen Idec Inc.'s shares have advanced 0.25% and 4.62%, respectively. Also, the stock has gone-up 2.53% since the start of this year. The company's shares are trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $308.23 is greater than its 200-day moving average of $273.02. Biogen Idec Inc.'s stock traded at a PE ratio of 35.49 and it has an RSI of 45.31. Sign up today to read free research on BIIB at:

http://www.investor-edge.com/2398-BIIB-12May2014.pdf

Shares in Theravance Inc. fluctuated between $26.07 and $26.94 before ending Friday's session down 0.11%, at $26.86. The company's stock reported a trading volume of 0.79 million shares, below its three months average volume of 0.98 million shares. Further, Theravance Inc.'s shares have lost 4.04% over the last one month and 28.89% over the previous three months. Also, the stock has fallen by 24.66% on YTD basis. The stock is trading below its 50-day and 200-day moving averages. The stock's 200-day moving average of $35.54 is greater than its 50-day moving average of $30.26. Moreover, shares of the company have an RSI of 37.32. Sign up today to read free research on THRX at:

http://www.investor-edge.com/2398-THRX-12May2014.pdf

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EDITOR'S NOTES:
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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 produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. 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.

4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.investor-edge.com.

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