LONDON, July 2, 2014 /PRNewswire/ --
On Tuesday, July 1, 2014, the NASDAQ Composite ended at 4,458.65, up 1.14%, the Dow Jones Industrial Average advanced 0.77%, to finish the day at 16,956.07, and the S&P 500 closed at 1,973.32, up 0.67%. The gains were broad based with nine out of ten sectors ending the session in positive. The S&P 500 Health Care Sector Index ended the day at 713.38, up 1.26%, with the index advancing 4.64% in the previous three months. Investor-Edge has initiated coverage on the following equities: Novartis AG (NYSE: NVS), Akorn Inc. (NASDAQ: AKRX), Horizon Pharma Inc. (NASDAQ: HZNP) and Mallinckrodt PLC (NYSE: MNK). Free technical research on NVS, AKRX, HZNP and MNK can be downloaded upon signing up at:
http://www.investor-edge.com/4430-register
Novartis AG's stock finished the Tuesday's session 1.04% higher at $91.47, hitting a new 52-week high of $91.66. A total of 0.71 million shares were traded, which was below its three months average volume of 1.72 million shares. The stock vacillated between $91.11 and $91.66 during the session. Over the last one month and over the previous three months, Novartis AG's shares have advanced 1.57% and 8.24%, respectively. Additionally, from the beginning of 2014, the company's stock has gained 13.80%. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $88.84 is greater than its 200-day moving average of $81.86. Novartis AG's stock has a Relative Strength Index (RSI) of 58.37. Sign up today to read free research on NVS at:
http://www.investor-edge.com/4430-NVS-02Jul2014.pdf
On Tuesday, Akorn Inc.'s stock fluctuated between $34.03 an $37.08, hitting a new 52-week high. The company shares ended the session 2.83% higher at $34.19. The stock reported a trading volume of 4.85 million shares, much above its three months average volume of 0.88 million shares. Shares of the company traded at a PE ratio of 78.45. Akorn Inc.'s shares have surged 11.37% in the previous three trading sessions, 22.24% in the last one month, and 38.87% on YTD basis. The stock is trading above its 50-day and 200-day moving averages of $27.39 and $23.74, respectively. Moreover, shares of Akorn Inc. have an RSI of 77.63. Sign up today to read free research on AKRX at:
http://www.investor-edge.com/4430-AKRX-02Jul2014.pdf
Shares in Horizon Pharma Inc. surged 2.40%, to close the day at $16.20. The stock recorded a trading volume of 1.53 million shares, below its three months average volume of 2.05 million shares. The company shares oscillated between $15.90 and $16.39 during the session. Over the last three trading sessions and over the past one month, Horizon Pharma Inc.'s shares have gained 4.65% and 14.16%, respectively. Further, the stock has rallied 112.60% since the start of this year. The stock is trading above its 50-day and 200-day moving averages. Horizon Pharma Inc.'s 50-day moving average of $14.40 is above its 200-day moving average of $9.86. Additionally, the stock has an RSI of 59.32. Sign up today to read free research on HZNP at:
http://www.investor-edge.com/4430-HZNP-02Jul2014.pdf
On Tuesday, shares in Mallinckrodt PLC recorded a trading volume of 1.88 million shares, lower than its three months average volume of 2.38 million shares. The stock ended the day at $78.80, which was 1.52% below its previous day's closing of $80.02, and registered an intraday range of $78.66 and $80.50. Shares of the company traded at a PE ratio of 27.07. Mallinckrodt PLC's stock has gained 2.15% in the previous three trading sessions, 1.34% in the last one month, and 50.78% on YTD basis. The company's stock is trading above its 50-day and 200-day moving averages of $74.94 and $59.89, respectively. Furthermore, shares of Mallinckrodt PLC have an RSI of 62.88. Sign up today to read free research on MNK at:
http://www.investor-edge.com/4430-MNK-02Jul2014.pdf
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