Technical Scrutiny on Biotech Stocks -- Research on Insmed, Peregrine Pharma, CytRx, and Celldex Therapeutics

LONDON, June 30, 2014 /PRNewswire/ --

On Friday, June 27, 2014, the NASDAQ Composite ended at 4,397.93, up 0.43%, the Dow Jones Industrial Average edged 0.03% higher, to finish the day at 16,851.84, and the S&P 500 closed at 1,960.96, up 0.19%. The gains were broad based as seven out of ten sectors ended the session in positive. The S&P 500 Health Care Sector Index ended the day at 707.06, down 0.21%, while the index has advanced 4.44% in the previous three months. Investor-Edge has initiated coverage on the following equities: Insmed Inc. (NASDAQ: INSM), Peregrine Pharmaceuticals Inc. (NASDAQ: PPHM), CytRx Corp. (NASDAQ: CYTR) and Celldex Therapeutics Inc. (NASDAQ: CLDX). Free technical research on INSM, PPHM, CYTR and CLDX can be downloaded upon signing up at:

Insmed Inc.'s stock finished the Friday's session 0.98% higher at $19.51. A total of 1.18 million shares were traded, which was above its three months average volume of 1.09 million shares. The stock moved between $18.97 and $19.54 during the session. Over the last one month and the previous three months, Insmed Inc.'s shares have surged 47.13% and 13.89%, respectively. Additionally, from the beginning of 2014, the company's stock has gained an upside of 14.76%. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $16.26 is greater than its 50-day moving average of $14.37. Insmed Inc.'s stock has a Relative Strength Index (RSI) of 77.21. Sign up today to read free research on INSM at:

On Friday, shares in Peregrine Pharmaceuticals Inc. fluctuated between $1.83 and $1.92 before ending the session 3.78% higher at $1.92. Peregrine Pharmaceuticals Inc.'s stock reported a trading volume of 2.57 million shares, above its three months average volume of 1.62 million shares. Peregrine Pharmaceuticals Inc.'s shares have advanced 8.47% in the previous three trading sessions, 3.23% in the last three months and 38.13% on YTD basis. The stock is trading above its 50-day and 200-day moving averages of $1.79 and $1.65, respectively. Moreover, shares of the company have an RSI of 60.70. Sign up today to read free research on PPHM at:

On Friday, CytRx Corp.'s stock declined 5.41%, to close the day at $4.02. The stock recorded a trading volume of 9.62 million shares, much above its three months average volume of 1.96 million shares. The stock oscillated between $3.98 and $4.27 during the session. Over the last one month and over the past three months, CytRx Corp.'s shares have gained 2.81% and 17.20%, respectively. However, the stock has lost 35.89% since the start of this year. The stock is trading above its 50-day moving average of $3.90, while the 50-day moving average is below CytRx Corp.'s 200-day moving average of $4.13. Additionally, the stock has an RSI of 41.70. Sign up today to read free research on CYTR at:

On Friday, shares in Celldex Therapeutics Inc. recorded a trading volume of 1.68 million shares, lower than its three months average volume of 2.73 million shares. The stock ended the day at $16.62, which was 0.78% below its previous day's closing of $16.75, and registered an intraday range of $16.31 and $16.88. Although Celldex Therapeutics Inc.'s shares have surged 16.22% in the last one month, it has declined 1.74% in the previous three trading sessions and 31.35% on YTD basis. The company's stock is trading above its 50-day moving average of $14.87. Furthermore, shares of the company have an RSI of 54.37. Sign up today to read free research on CLDX at:


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