Investors are set to receive important information regarding the state of the economy this coming week as reports on inflation and retail sales are to be released and a number of industry bellwethers such as General Electric, Intel, Microsoft and the remaining big banks are also set to report earnings. The Russell 2000 Index closed at a new record high for the third consecutive trading day, the index has gained roughly 22.0 percent year-to-date outpacing both the Dow Jones and the S&P 500. "It's bullish that the Russell 2000 has reversed its downtrend off the May 22 highs and breaking out to new highs," said Craig Johnson, a Piper Jaffray managing director and senior technical research analyst "And when we get an index as broad as the Russell 2000 breaking out to new highs, that suggests that the internals of the market is very strong and we have a lot of stocks that are participating in this move." Here is how some companies in the Russell 2000 Index reacted Friday:
ISIS Pharmaceuticals, Inc. (NASDAQ: ISIS) shares traded in the range of $32.29 to $33.94 Friday before settling to close at $33.72, an increase of 3.12 percent. The stock appears to have some support at the $32.06 and $30.46 levels. Shares of ISIS Pharmaceuticals have gained approximately 220.0 percent in 2013.
More information on ISIS Pharmaceuticals and access to the free equity report can be found at:
Keryx Biopharmaceuticals (NASDAQ: KERX) shares traded in the range of $7.93 to $8.15 Friday before settling to close at $8.11, an increase of 1.76 percent. The stock appears to be facing some resistance at the $8.35 and $8.75 levels with some support at $7.69. Shares of Keryx Biopharmaceuticals have gained approximately 210.0 percent in 2013.
More information on Keryx Biopharmaceuticals and access to the free equity report can be found at:
KiOR Inc. (NASDAQ: KIOR) shares traded in the range of $4.33 to $4.45 Friday before settling to close at $4.37, an increase of 0.23 percent. The stock appears to be facing some resistance at the $4.52 and $4.64 levels with some support at $4.31. Shares of KiOR have fallen approximately 31.8 percent in 2013.
More information on KiOR and access to the free equity report can be found at:
Merrimack Pharmaceuticals Inc. (NASDAQ: MACK) shares traded in the range of $4.98 to $5.19 Friday before settling to close at $5.08, an increase of 0.99 percent. The stock appears to be facing some resistance at the $5.32 and $5.65 levels with some support at $5.05. Shares of Merrimack Pharmaceuticals have fallen approximately 16.5 percent in 2013.
More information on Merrimack Pharmaceuticals and access to the free equity report can be found at:
Wall Street Fundamentals offers our members a full range of investor services including in-depth equity reports on your favorite companies and timely market updates featuring the hottest stocks trending in the marketplace.
Activate your always free membership by signing up at www.WallStreetFundamentals.com today.
Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.
Wall Street Fundamentals