Technical Snapshots for These Drug Makers Stocks -- AbbVie, AstraZeneca, Bristol Myers Squibb, and Johnson & Johnson

Thursday, August 10, 2017 Drug News
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NEW YORK, August 10, 2017 /PRNewswire/ --

If you want a Stock Review on ABBV, AZN, BMY, or JNJ then come over to and sign up for your free customized report today. For today, reviews four major players in the Drug Manufacturers space, and they are: AbbVie Inc. (NYSE: ABBV), AstraZeneca PLC (NYSE:
AZN), Bristol-Myers Squibb Co. (NYSE: BMY), and Johnson & Johnson (NYSE: JNJ). IBISWorld reported that, over the next five years to 2022, investments in research and development that generate a high return will occur, as many pharmaceutical manufacturers strengthen their drug pipeline with orphan drugs, which typically have a smaller disease population and lower requirements for the number of patients tested during clinical trials. Access's complimentary reports for today's stocks line-up at:


Shares in North Chicago, Illinois-based AbbVie Inc. rose 0.77%, ending Wednesday's trading session at $72.02. The stock recorded a trading volume of 4.53 million shares. The Company's shares have gained 0.25% in the last one month, 9.15% over the last three months, and 15.01% on an YTD basis. The stock is trading 1.27% and 10.94% above its 50-day and 200-day moving averages, respectively. Moreover, shares of AbbVie, which discovers, develops, manufactures, and sells pharmaceutical products worldwide, have a Relative Strength Index (RSI) of 54.34.

On August 03rd, 2017, AbbVie announced that the US Food and Drug Administration approved MAVYRET™ (glecaprevir/pibrentasvir), a once-daily, ribavirin-free treatment for adults with chronic hepatitis C virus infection across all major genotypes. MAVYRET is an eight-week, pan-genotypic treatment for patients without cirrhosis and who are new to treatment. Visit us today and access your complete report on ABBV for free at:


Cambridge, the UK headquartered AstraZeneca PLC's stock declined 0.94%, closing the day at $29.47 with a total trading volume of 4.12 million shares. The Company's shares have advanced 7.87% since the start of this year. The stock is trading 2.57% below its 200-day moving average. Additionally, shares of AstraZeneca have an RSI of 31.16.

On August 01st, 2017, AstraZeneca and its hematology research and development center of excellence, Acerta Pharma, announced that the US Food and Drug Administration had granted Breakthrough Therapy Designation for acalabrutinib for the treatment of patients with mantle cell lymphoma, who have received at least one prior therapy. Acalabrutinib is an investigational, highly selective, potent Bruton tyrosine kinase inhibitor in development for the treatment of multiple B-cell cancers.

On August 09th, 2017, research firm Investec upgraded the Company's stock rating from 'Hold' to 'Buy'. The complimentary research report on AZN can be accessed at:

Bristol Myers Squibb 

On Wednesday, shares in New York headquartered Bristol-Myers Squibb Co. recorded a trading volume of 7.63 million shares, which was higher than their three months average volume of 7.50 million shares. The stock ended the day 0.86% higher at $57.40. The Company's shares have advanced 3.74% in the past month and 4.10% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 4.02% and 4.42%, respectively. Furthermore, shares of Bristol-Myers Squibb, which discovers, develops, licenses, manufactures, markets, and distributes biopharmaceutical products worldwide, have an RSI of 62.08.

On August 03rd, 2017, Bristol-Myers Squibb and IFM Therapeutics announced that they have signed a definitive agreement under which the former will acquire all of the outstanding capital stock of the latter, a venture-backed biotech company focused on developing therapies that modulate novel targets in the innate immune system to treat cancer, autoimmunity, and inflammatory disorders. The companies anticipate the transaction will close during Q3 2017. Register for free on and download the research report on BMY at:

Johnson & Johnson 

New Brunswick, New Jersey-based Johnson & Johnson's stock gained 0.73%, finishing yesterday's session at $133.23. A total volume of 5.76 million shares was traded, which was above their three months average volume of 5.71 million shares. The Company's shares have advanced 1.52% in the last one month, 8.48% in the previous three months, and 15.64% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 0.47% and 8.66%, respectively. Additionally, shares of the Company, which together with its subsidiaries, researches and develops, manufactures, and sells various products in the health care field worldwide, have an RSI of 52.90.

On July 21st, 2017, research firm BTIG Research downgraded the Company's stock rating from 'Neutral' to 'Sell', with a target price of $110 per share.

On August 04th, 2017, Johnson & Johnson announced that it will participate in the 2017 Wells Fargo 12th Annual Healthcare Conference on September 06th, 2017, at The Westin Boston Waterfront in Boston, MA. Alex Gorsky, Chairman and CEO, and Dominic Caruso, Executive Vice President, CFO, will represent the Company in a session scheduled at 10:00 a.m. ET. Get free access to your research report on JNJ at:

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