Technical Insights on Biotech Stocks -- Soligenix, Sorrento Therapeutics, Alcobra, and Akebia Therapeutics

Friday, June 9, 2017 General News
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NEW YORK, June 9, 2017 /PRNewswire/ --

On Thursday, benchmark US indices were in bullish colors as the NASDAQ Composite

closed the trading session up 0.39%; the Dow Jones Industrial Average edged 0.04% higher; and the S&P 500 was up 0.03%. US markets saw a mixed session as 4 sectors closed in green, 3 sectors finished in red, and 2 sectors ended flat for the day.
Pre-market today, DailyStockTracker.com reviews these four Biotechnology stocks: Soligenix Inc. (NASDAQ: SNGX), Sorrento Therapeutics Inc. (NASDAQ: SRNE), Alcobra Ltd (NASDAQ: ADHD), and Akebia Therapeutics Inc. (NASDAQ: AKBA). Access DailyStockTracker.com's free research reports for this morning's stocks line-up at:

http://dailystocktracker.com/register/

Soligenix 

On Thursday, shares in Princeton, New Jersey headquartered Soligenix Inc. recorded a trading volume of 167,699 shares. The stock ended the session 2.18% lower at $2.24. The Company's shares are trading 17.84% below their 50-day moving average. Moreover, shares of Soligenix, which focuses on developing and commercializing products to treat rare diseases in the US, have a Relative Strength Index (RSI) of 40.80. Free research report on SNGX is available at:

http://dailystocktracker.com/registration/?symbol=SNGX

Sorrento Therapeutics 

San Diego, California-based Sorrento Therapeutics Inc.'s stock closed the day 3.12% higher at $1.65. A total volume of 872,403 shares was traded, which was above their three months average volume of 841,160 shares. The Company's shares are trading 23.13% below their 50-day moving average. Additionally, shares of Sorrento Therapeutics, which engages in the discovery and development of therapies focused on oncology and the treatment of chronic cancer pain worldwide, have an RSI of 41.11.

On May 22nd, 2017, research firm Rodman & Renshaw reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $30 a share to $20 a share. The complimentary research report on SRNE can be downloaded at:

http://dailystocktracker.com/registration/?symbol=SRNE

Alcobra 

Shares in Tel Aviv, Israel headquartered Alcobra Ltd recorded a trading volume of 72,368 shares. The stock ended yesterday's trading session flat at $1.13. The Company's shares are trading below their 50-day moving average by 1.76%. Furthermore, shares of Alcobra, which focuses on the development and commercialization of proprietary pharmaceutical products, have an RSI of 46.48. Visit us today and access our complete research report on ADHD at:

http://dailystocktracker.com/registration/?symbol=ADHD

Akebia Therapeutics 

Cambridge, Massachusetts headquartered Akebia Therapeutics Inc.'s stock finished Thursday's session 1.82% higher at $13.44 with a total trading volume of 218,070 shares. The Company's shares have advanced 8.04% in the last one month, 45.14% over the previous three months, and 29.11% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 15.49% and 38.41%, respectively. Additionally, shares of Akebia Therapeutics, which focuses on the development and commercialization of novel therapeutics to patients with kidney disease through hypoxia-inducible factor biology, have an RSI of 56.57. Get free access to your research report on AKBA at:

http://dailystocktracker.com/registration/?symbol=AKBA

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