The Biotech Investor has continued to show impressive growth in 2013. On Wednesday, the Nasdaq Biotechnology Index reached a record high and has gained approximately 43.0 percent year-to-date. Additionally the iShares NASDAQ Biotechnology Index ETF (NASDAQ: IBB) and the SPDR S&P Biotech ETF (NYSEARCA: XBI) have posted gains of 47.0 percent and 43.0 percent, respectively, this year. The major catalyst for the Biotech sector has been FDA approvals. Bringing a drug to market will easily send shares skyrocketing, while a failure could be devastating. Through the first half of 2013 there have been 13 new approvals from the FDA.
Alexion Pharmaceuticals, Inc. (NASDAQ: ALXN) shares traded in the range of $111.52 to $113.23 Thursday before settling to close at $112.49, a decrease of 0.14 percent. The stock appears to be facing some resistance at the $115.00 and $117.55 levels with some support at $108.74. Shares of Alexion Pharmaceuticals have gained approximately 20.0 percent in 2013.
More information on Alexion Pharmaceuticals and access to the free equity report can be found at:
www.WallStreetFundamentals.com/ALXN
Amgen, Inc. (NASDAQ: AMGN) shares traded in the range of $111.81 to $113.28 Thursday before settling to close at $112.93, a decrease of 0.08 percent. The stock appears to be facing some resistance at the $113.84 and $117.85 levels with some support at $110.21. Shares of Amgen have gained approximately 31.0 percent in 2013.
More information on Amgen and access to the free equity report can be found at:
www.WallStreetFundamentals.com/AMGN
Cubist Pharmaceuticals Inc. (NASDAQ: CBST) shares traded in the range of $62.68 to $65.59 Thursday before settling to close at $63.98, an increase of 2.85 percent. The stock appears to be facing some resistance at the $64.85 and $67.72 levels with some support at $63.13. Shares of Cubist Pharmaceuticals have gained approximately 52.0 percent in 2013.
More information on Cubist Pharmaceuticals and access to the free equity report can be found at:
www.WallStreetFundamentals.com/CBST
Celldex Therapeutics, Inc. (NASDAQ: CLDX) shares traded in the range of $23.84 to $25.10 Thursday before settling to close at $23.99, an increase of 0.38 percent. The stock appears to be facing some resistance at $24.50 with some support at the $23.80 and $21.72 levels. Shares of Celldex Therapeutics have gained approximately 255.0 percent in 2013.
More information on Celldex Therapeutics and access to the free equity report can be found at:
www.WallStreetFundamentals.com/CLDX
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