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Pre-market Biotech Picks -- Research on Dendreon, Keryx Biopharma, Idera Pharma, and Vertex Pharma

LONDON, May 7, 2014 /PRNewswire/ --

The US markets saw a negative sentiment on Tuesday, May 6, 2014, with the NASDAQ Composite closing at 4,080.76, down 1.38%, the Dow Jones Industrial Average ending the session 0.78% lower at 16,401.02, and the S&P 500 edging 0.90% lower to finish the trading session at 1,867.72. The loss were broad based with nine out of the ten sectors finishing lower. The S&P 500 Health Care Sector Index ended the day at 666.48, down 0.91%, whereas the index has gained 4.08% in the previous three months. Investor-Edge has initiated coverage on the following equities: Dendreon Corporation (NASDAQ: DNDN), Keryx Biopharmaceuticals Inc. (NASDAQ: KERX), Idera Pharmaceuticals Inc. (NASDAQ: IDRA) and Vertex Pharmaceuticals Inc. (NASDAQ: VRTX). Free technical research on DNDN, KERX, IDRA and VRTX can be downloaded upon signing up at:

Dendreon Corp.'s stock finished the Tuesday's session 3.60% lower at $2.41. A total of 1.93 million shares were traded, which was below its three months average volume of 3.01 million shares. The stock vacillated between $2.41 and $2.52 during the session. Over the last one month and the previous three months, Dendreon Corp.'s shares have lost 15.14% and 9.40%, respectively. Additionally, from the beginning of 2014, the company's stock has declined 19.40%. The company's shares are trading below their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $2.86 is less than its 200-day moving average of $3.02. Dendreon Corp.'s stock has a Relative Strength Index (RSI) of 32.95. Sign up today to read free research on DNDN at:

On Tuesday, shares in Keryx Biopharmaceuticals Inc. fluctuated between $14.14 and $14.75 before ending the session 1.10% lower at $14.33. The stock reported a trading volume of 1.46 million shares, below its three months average volume of 2.69 million shares. Keryx Biopharmaceuticals Inc.'s shares have lost 2.32% in the previous three trading sessions and 9.99% in the last one month, while the stock has gained 10.66% on YTD basis. The stock is trading above its 200-day moving average of $12.51, while the 200-day moving average is below Keryx Biopharmaceuticals Inc.'s 200-day moving average of $15.25. Moreover, shares of the company have an RSI of 47.60. Sign up today to read free research on KERX at:

Shares in Idera Pharmaceuticals Inc. declined 4.59%, to close the day at $2.70. The stock recorded a trading volume of 1.27 million shares, much below its three months average volume of 3.62 million shares. The stock oscillated between $2.66 and $2.90 during the session. Over the last three trading sessions and over the past one month, Idera Pharmaceuticals Inc.'s shares have lost 9.40% and 27.22%, respectively. Further, the stock has declined 41.68% since the start of this year. The stock is trading below its 50-day and 200-day moving averages of $4.50 and $3.14, respectively. Additionally, Idera Pharmaceuticals Inc.'s stock has an RSI of 37.05. Sign up today to read free research on IDRA at:

On Tuesday, shares in Vertex Pharmaceuticals Inc. recorded a trading volume of 1.33 million shares, lower than its three months average volume of 1.57 million shares. The stock ended the day at $66.56, which was 2.70% below its previous day's closing of $68.41, and registered an intraday range of $66.47 and $68.75. Although Vertex Pharmaceuticals Inc.'s shares have advanced 1.09% in the last one month, it has lost 3.47% in the previous three trading sessions and 10.42% on YTD basis. The company's stock is trading below its 50-day and 200-day moving averages of $72.55 and $74.49, respectively. Furthermore, shares of Vertex Pharmaceuticals Inc. have an RSI of 50.51. Sign up today to read free research on VRTX at:


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SOURCE Investor-Edge

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