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Today's Technical View: Elan Corp., Amarin, Seattle Genetics, and Cubist Pharma
Date:7/7/2013

LONDON, July 5, 2013 /PRNewswire/ --

On Wednesday, July 3, 2013, shares in biotechnology companies and drug manufacturers ended mostly lower even as the broader market posted modest gains. The major movers in the sector included Elan Corporation Plc (ADR) (NYSE: ELN), Amarin Corporation Plc (ADR) (NASDAQ: AMRN), Seattle Genetics Inc. (NASDAQ: SGEN), and Cubist Pharmaceuticals Inc. (NASDAQ: CBST). All these companies are tracked by AAAResearchReports.com. Free in-depth technical analysis on ELN, AMRN, SGEN, and CBST are currently available upon sign up at:

http://www.aaaresearchreports.com/register/  

Shares in Elan Corporation Plc struggled on Wednesday even as the broader market posted gains. The company's shares oscillated between $14.05 and $14.22 before closing the day 0.70% lower at $14.12. A total of 3.65 million shares were traded which is below the daily average volume of 15.85 million. The company's shares are still trading near their 52-week high of $14.80. In the last three months, the stock has gained 21.62%, thus outperforming the S&P 500 which gained 3.55% in the same period. Sign up for free technical analysis on ELN at:

http://www.AAAResearchReports.com/ELN070513.pdf

Amarin Corporation Plc's stock rose sharply on Wednesday, finishing at $5.83, up 2.10% from its previous closing price. The company's shares oscillated between $5.59 and $5.86. A total of 1.45 million shares were traded which is less than its daily average volume of 3.71 million. Despite Wednesday's rally, the company's shares are still trading near their 52
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SOURCE AAA Research Reports
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