Amicus Therapeutics Inc (FOLD) and Cerner Corporation (CERN) Look Strong. Which Is The Better Investment At This Time?
New York, NY – GDP INSIDER – 03/20/2015.
This article discusses two companies: Amicus Therapeutics Inc (NASDAQ:FOLD) and Cerner Corporation (NASDAQ:CERN)
Amicus Therapeutics Inc (NASDAQ:FOLD) enjoyed strong support with the stock skyrocketing 33.26% or $3.11 to close at $12.46 on extremely high trading of 21.636 million shares, compared to its three month average trading volume of 1.468 million. The biopharmaceutical company specialized in small molecule treatments for rare diseases began to rally after it announced that it had completed a very positive meeting with the European regulators, regarding approval of its treatment for Fabry disease which could move forward its MAA submission for full approval of the treatment to the middle of this year. This comes on the back of U.S. regulators indicating that it could receive accelerated approval for domestic as well. The rally yesterday has pushed the RSI up to 83.64 and created a sharp bullish MACD divergence which may indicate that the stock is heading for a new higher trading range, making it a strong hold with a view to buy.
Cerner Corporation (NASDAQ:CERN) gained 3.04% or $2.18 yesterday to close at $73.82 with more than 2.946 million shares changing hands, compared to its three month average trading volume of 1.423 million. The designer and developer of hardware and content solutions for health care organizations posted the gains after it announced that is implementing iCentra, an electronic health practice management system, across northern Utah which will act as a model to promote sales to other health regions throughout the country. Cerner Corporation has been charging ahead recently with the stock already up 12.69% so far this year, far outperforming the S&P 500 which has only increased by 1.48% for the same period. With a bullish MACD crossover imminent and RSI of 66.34 there is still room for the stock to continue to climb, provided the results in Utah go as expected. This makes the stock a strong hold and potential buy.
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