The Biotech Industry has continued to outpace the broader markets in 2013. The iShares NASDAQ Biotechnology Index ETF (NASDAQ: IBB) and the SPDR S&P Biotech ETF (NYSEARCA: XBI) have posted gains of approximately 53.0 and 49.0 percent, respectively, more than 2.5 times the S&P 500 Index’s gain of 19.0 percent. The red hot biotech market has already caused more biotech companies to go public in the first half of 2013, than all of 2012. Here is how some biotech companies reacted Thursday:
Cancer Genetics Inc. (NASDAQ: CGIX) shares traded in the range of $16.65 to $22.85 Friday before settling to close at $21.00, an increase of 29.23 percent. The stock appears to have some support at the $16.35, $14.33 and $12.84 levels. Shares of Cancer Genetics have gained approximately 130.0 percent in 2013.
More information on Cancer Genetics and access to the free equity report can be found at:
www.WallStreetFundamentals.com/CGIX
Rockwell Medical Inc. (NASDAQ: RMTI) shares traded in the range of $9.06 to $10.85 Friday before settling to close at $10.77, an increase of 16.94 percent. The stock appears to be facing some resistance at $10.77 with some support at the $10.11 and $9.68 levels. Shares of Rockwell Medical have gained approximately 33.0 percent in 2013.
More information on Rockwell Medical and access to the free equity report can be found at:
www.WallStreetFundamentals.com/RMTI
Sucampo Pharmaceuticals, Inc. (NASDAQ: SCMP) shares traded in the range of $6.25 to $6.72 Friday before settling to close at $6.60, an increase of 6.45 percent. The stock appears to be facing some resistance at the $6.77 and $6.99 levels with some support at $6.49. Shares of Sucampo Pharmaceuticals have gained approximately 35.0 percent in 2013.
More information on Sucampo Pharmaceuticals and access to the free equity report can be found at:
www.WallStreetFundamentals.com/SCMP
Ventrus Biosciences Inc. (NASDAQ: VTUS) shares traded in the range of $2.90 to $3.13 Friday before settling to close at $3.12, an increase of 10.64 percent. The stock appears to be facing some resistance at $3.34 with some support at the $2.98 and $2.75 levels. Shares of Ventrus Biosciences have gained approximately 44.0 percent in 2013.
More information on Ventrus Biosciences and access to the free equity report can be found at:
www.WallStreetFundamentals.com/VTUS
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