Biotech Stocks Technical Analysis -- Research on Mast Therapeutics, Sangamo BioSciences, DARA Biosciences, and Idera Pharma

By PR Newswire,  July 01, 2014, 07:50:00 AM EDT

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LONDON, July 1, 2014 /PRNewswire/ --

On Monday, June 30, 2014, the NASDAQ Composite ended at 4,408.18, up 0.23%, the Dow Jones Industrial Average finished the day 0.15% lower at 16,826.60, and the S&P 500 closed at 1,960.23, down 0.04%. During the session five out of ten sectors ended in negative. The S&P 500 Health Care Sector Index ended the day at 704.52, down 0.36%, while the index has advanced 2.07% in the last one month. Investor-Edge has initiated coverage on the following equities: Mast Therapeutics Inc. (NYSE MKT:MSTX), Sangamo BioSciences Inc. (NASDAQ:SGMO), DARA Biosciences Inc. (NASDAQ:DARA) and Idera Pharmaceuticals Inc. (NASDAQ:IDRA). Free technical research on MSTX, SGMO, DARA and IDRA can be downloaded upon signing up at:

On Monday, Mast Therapeutics Inc.'s stock recorded a trading volume of 2.10 million shares, higher than its three months average volume of 1.49 million shares. The stock finished the day at $0.63, down 5.70%, and registered an intraday range of $0.62 and $0.68. Mast Therapeutics Inc.'s shares have lost 2.58% in the last one month and 7.50% in the previous three months. However, the stock has surged 36.04% on YTD basis. Furthermore, the company's stock is trading above its 50-day and 200-day moving averages. The stock's 50-day moving average of $0.62 is above its 200-day moving average of $0.61. Additionally, shares of the company have a Relative Strength Index (RSI) of 55.77. Sign up today to read free research on MSTX at:

Sangamo BioSciences Inc.'s stock gained 2.21%, to close Monday's session at $15.27, after oscillating between $14.93 and $15.34. The stock recorded a trading volume of 0.61 million shares, below its three months average volume of 1.12 million shares. Over the last one month and from the beginning of 2014, Sangamo BioSciences Inc.'s shares have rallied 16.21% and 9.94%, respectively. However, over the past three months, the company's stock has declined 15.54%. The stock is trading above its 50-day and 200-day moving averages. The company stock's 200-day moving average of $14.71 is above its 50-day moving average of $14.08. Further, the company's stock has an RSI of 48.75. Sign up today to read free research on SGMO at:

On Monday, DARA Biosciences Inc.'s stock finished the session flat at the previous day's closing price of $1.23. A total of 0.89 million shares were traded, which was below its three months average volume of 1.34 million shares. The stock moved between $1.20 and $1.25 during the session. Over the last one month, DARA Biosciences Inc.'s shares have gained 3.36%. However, the stock has plummeted 55.43% over the past three months and 54.44% since the start of this year. The company's shares are trading below their 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $2.46 is greater than its 50-day moving average of $1.41. DARA Biosciences Inc.'s stock has an RSI of 46.41. Sign up today to read free research on DARA at:

Shares in Idera Pharmaceuticals Inc. fluctuated between $2.88 and $3.10 before ending Monday's session down 4.92%, at $2.90. The company's stock reported a trading volume of 2.09 million shares, below its three months average volume of 2.66 million shares. Further, shares of Idera Pharmaceuticals Inc. have declined 5.23% over the past three trading sessions. Also, the stock has fallen by 28.92% over the last three months and 37.37% on YTD basis. The stock is trading below its 50-day and 200-day moving averages. The stock's 200-day moving average of $3.38 is greater than its 50-day moving average of $2.91. Moreover, shares of the company have an RSI of 50.00. Sign up today to read free research on IDRA at:




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SOURCE Investor-Edge

This article appears in: News Headlines

Referenced Stocks: DARA, IDRA, MSTX, SGMO

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As of 7/30/2014, 04:04 PM