The biotech industry has continued to outperform the broader markets in 2013. On average, the iShares biotech ETF (NASDAQ: IBB), which is up approximately 39.0 percent year-to-date, has gained 19 percent over the past five year, almost 10 percentage points more than the SPDR S&P 500 ETF (NYSEARCA: SPY). Additionally, the biotech group within the S&P 1500 has gained nearly 47 percent this year, which ranks third amongst 160 different industries. "After climbing 40% in 2012, biotech is still hot," says Sam Stovall, Chief Equity Strategist of S&P Capital IQ's Equity Research Group. "This is an industry we're very optimistic about, and it's one of our favorites going forward over the next 12 months."
Cytokinetics, Inc. (NASDAQ: CYTK) shares traded in the range of $13.26 to $13.81 Tuesday before settling to close at $13.70, an increase of 1.41 percent. The stock appears to be facing some resistance at $14.11 with some support at the $13.48 and $12.89 levels. Shares of Cytokinetics have gained over 245 percent in 2013.
More information on Cytokinetics and access to the free equity report can be found at:
www.WallStreetFundamentals.com/CYTK
Dendreon Corporation (NASDAQ: DNDN) shares traded in the range of $4.50 to $4.68 Tuesday before settling to close at $4.52, a decrease of 1.09 percent. The stock appears to be facing some resistance at the $4.52 and $4.73 levels with some support at $4.30. Shares of Dendreon have fallen approximately 14.5 percent in 2013.
More information on Dendreon and access to the free equity report can be found at:
www.WallStreetFundamentals.com/DNDN
ImmunoGen, Inc. (NASDAQ: IMGN) shares traded in the range of $18.84 to $19.50 Tuesday before settling to close at $19.02, a decrease of 2.16 percent. The stock appears to have some support at the $18.98, $18.35 and $17.79 levels. Shares of ImmunoGen have gained approximately 49.2 percent in 2013.
More information on ImmunoGen and access to the free equity report can be found at:
www.WallStreetFundamentals.com/IMGN
Novavax, Inc. (NASDAQ: NVAX) shares traded in the range of $2.54 to $2.64 Tuesday before settling to close at $2.58, a decrease 2.27 percent. The stock appears to be facing some resistance at the $2.59 and $2.69 levels with some support at $2.53. Shares of Novavax have gained approximately 36.5 percent in 2013.
More information on Novavax and access to the free equity report can be found at:
www.WallStreetFundamentals.com/NVAX
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