Should You Buy Teva Pharmaceutical Industries Ltd (ADR) (TEVA), Alexza Pharmaceuticals, Inc. (ALXA), Arena Pharmaceuticals, Inc. (ARNA)?
New York, NY – GDP INSIDER – 01/09/2014.
This article discusses about three stocks. They are Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA), Alexza Pharmaceuticals, Inc. (NASDAQ:ALXA), Arena Pharmaceuticals, Inc. (NASDAQ:ARNA).
Shares of Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) are trading flat in current trading session on volumes of 434,355 shares exchanging hands compared to average volume of 3.51M shares. Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) is trading tad above its 20-Day EMA of $56.73 with RSI of 52.22 which is moving downwards. The stock has been having a weak session and the price volume action hasn’t been that convincing. Shares of TEVA have been trading flat during these week as they have been marginally up by 0.16% in last one week. However, the YTD performance of the stock stands at 44% which is above the overall return given by the healthcare index.
Shares of Alexza Pharmaceuticals, Inc. (NASDAQ:ALXA) are trading at $2.55, up sharply by 49.11% in current trading session after it had been in strong downtrend which started from $5 till $1. Today’s action in the stock is backed price action which indicates strength in near-term. Alexza Pharmaceuticals, Inc. (NASDAQ:ALXA) focuses on research & development along with novel proprietary treatment for central nervous system related disorders worldwide. The stock is trading above its 20-Day EMA of $1.63 with RSI of 80.96 which is moving up.
Shares of Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) are trading down by 1.56% to currently trade at $5.66 with volumes of 5.48M shares exchanging hands compared to average volume of 8.67M shares. The stock is trading way above its 20-Day EMA of $4.23 with RSI of 72.43 which is moving down. There has been a spike in volume of trading in the counter over last two trading sessions which is indicative of the interest shown by the trading fraternity. Shares of Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) have gone up by 65.99% in last one week and up by 65.99% on YTD basis.
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