Technical Coverage on Biotech Equities - Galena Biopharma, Gilead Sciences, MannKind, Orexigen Therapeutics, and IsoRay

LONDON, September 3, 2014 /PRNewswire/ --

The US markets on Tuesday, September 02, 2014 ended on a mixed note as the Dow Jones Industrial Average finished at 17,067.56, down 0.18% and the NASDAQ Composite closed at 4,598.19, up 0.39%. The S&P 500 finished the session 0.05% lower at 2,002.28. During the trading session, five out of ten sectors finished on a higher note. The S&P 500 Health Care Sector Index ended the day at 737.75, up 0.02%, with the index gaining 6.88% in the previous three months. Investor-Edge has initiated coverage on the following equities: Galena Biopharma Inc. (NASDAQ: GALE), Gilead Sciences Inc. (NASDAQ: GILD), MannKind Corporation (NASDAQ: MNKD), Orexigen Therapeutics Inc. (NASDAQ: OREX), and IsoRay Inc. (NYSE MKT: ISR). Free research on these five companies can be accessed at:  

http://investor-edge.com/register

On Tuesday, shares in Galena Biopharma Inc. fluctuated between $2.26 and $2.39 before ending the session 2.54% lower at $2.30. The stock reported a trading volume of 1.29 million shares, below its three months average volume of 3.17 million shares. Galena Biopharma Inc.'s shares have lost 7.26% in the previous three trading sessions, 17.86% in the last one month, and 53.63% on YTD basis. The stock is trading below its 50-day and 200-day moving averages of $2.79 and $3.37, respectively. Moreover, shares of Galena Biopharma Inc. have a Relative Strength Index (RSI) of 41.04. Sign up and read the free notes on GALE at:

www.Investor-Edge.com/GALE-03Sep2014

Gilead Sciences Inc.'s stock advanced 1.67%, to close the day at $109.36, hitting a new 52-week high of $109.50. The stock recorded a trading volume of 15.26 million shares, above its three months average volume of 11.93 million shares. The company's shares oscillated between $107.61 and $109.50 during the session. Over the last one month and over the past three months, Gilead Sciences Inc.'s shares have surged 19.52% and 34.10%, respectively. Further, the stock has gained an upside of 45.62% since the start of this year. The stock is trading above its 50-day and 200-day moving averages. Gilead Sciences Inc.'s 50-day moving average of $92.14 is above its 200-day moving average of $80.62. Additionally, the stock traded at a PE ratio of 24.21 and has an RSI of 81.86. The complimentary notes on GILD can be downloaded as in PDF format at:

www.Investor-Edge.com/GILD-03Sep2014

On Tuesday, shares in MannKind Corp. recorded a trading volume of 5.14 million shares, lower than its three months average volume of 11.63 million shares. The stock ended the day at $7.22, which was 2.04% below its previous day's closing of $7.37, and registered an intraday range of $7.15 and $7.40. Although MannKind Corp.'s stock has lost 3.28% in the previous three trading sessions and 10.53% in the last one month, it has gained 38.85% on YTD basis. The stock is trading above its 200-day moving average of $6.92, which is below its 50-day moving average of $8.84. Furthermore, shares of MannKind Corp. have an RSI of 39.58. Register for free on Investor-Edge and access the latest research on MNKD at:

www.Investor-Edge.com/MNKD-03Sep2014

Orexigen Therapeutics Inc.'s stock edged 0.35% higher to end Tuesday's session at $5.72. The stock recorded a trading volume of 2.34 million shares, below its three months average volume of 3.55 million shares. The company's shares fluctuated between $5.63 and $5.85 during the session. Orexigen Therapeutics Inc.'s shares have gained 15.09% in the last one month. However, the stock has fallen by 3.21% over the previous three trading sessions and 8.63% in the past three months. The stock is trading above its 50-day moving average. Orexigen Therapeutics Inc.'s 200-day moving average of $6.02 is above its 50-day moving average of $5.56. Additionally, the stock has an RSI of 53.93. The complete research on OREX is available for free at:

www.Investor-Edge.com/OREX-03Sep2014

On Tuesday, IsoRay Inc.'s stock finished the session 2.08% lower at $2.35. A total of 0.67 million shares were traded, which was below its three months average volume of 1.77 million shares. The stock vacillated between $2.34 and $2.44 during the session. Over the previous three trading sessions and over the last one month, IsoRay Inc.'s shares have fallen by 4.86% and 2.77%, respectively. However, from the beginning of 2014, the stock has rallied 370.00%. The company's shares are trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $2.66 is greater than its 200-day moving average of $1.74. IsoRay Inc.'s stock has an RSI of 40.90. Free in depth research on ISR is available at:

www.Investor-Edge.com/ISR-03Sep2014

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