The Biotech industry has continued to outpace the broader markets in 2013. The iShares NASDAQ Biotechnology Index ETF (NASDAQ: IBB) and the SPDR S&P Biotech ETF (NYSEARCA: XBI) year-to-date have posted gains of approximately 60.0 percent and 43.0 percent, respectively, compared to the S&P 500 Index’s gain of 26.0 percent. The success the Biotech Industry has experienced in recent years has caused a surge in IPO’s this year. According to data from Credit Suisse, 38 have gone public through mid-November, the most since 2000.
Agios Pharmaceuticals Inc. (NASDAQ: AGIO) shares traded in the range of $18.56 to $19.19 Tuesday before settling to close at $18.67, a decrease of 2.30 percent. The stock appears to be facing some resistance at the $21.59 and $24.69 levels with some support at $18.53. Shares of Agios Pharmaceuticals have fallen approximately 40.0 percent since it IPO.
More information on Agios Pharmaceuticals and access to the free equity report can be found at:
www.WallStreetFundamentals.com/AGIO
Epizyme Inc. (NASDAQ: EPZM) shares traded in the range of $20.59 to $21.82 Tuesday before settling to close at $20.69, a decrease of 4.65 percent. The stock appears to be facing some resistance at the $22.11 and $23.53 levels with some support at $18.98. Shares of Epizyme have fallen approximately 10.0 percent since its IPO.
More information on Epizyme and access to the free equity report can be found at:
www.WallStreetFundamentals.com/EPZM
Foundation Medicine Inc. (NASDAQ: FMI) shares traded in the range of $22.00 to $23.06 Tuesday before settling to close at $22.59, a decrease of 2.04 percent. The stock appears to be facing some resistance at the $24.33 and $27.62 levels with some support at $20.60. Shares of Foundation Medicine have fallen approximately 35.0 percent since its IPO.
More information on Foundation Medicine and access to the free equity report can be found at:
www.WallStreetFundamentals.com/FMI
Receptos Inc. (NASDAQ: RCPT) shares traded in the range of $26.97 to $28.33 Tuesday before settling to close at $27.26, a decrease of 0.55 percent. The stock appears to be facing some resistance at the $27.55 and $31.02 levels with some support at $26.49. Shares of Receptos have gained approximately 95.0 percent since it IPO.
More information on Receptos and access to the free equity report can be found at:
www.WallStreetFundamentals.com/RCPT
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