Trending Stock: $CAPR, $NBS, $XOMA, $PAY

Posted by: : Viraj ShahPosted on: January 12, 2014 Trending Stock: $CAPR, $NBS, $XOMA, $PAY

Cell therapy industry is at the cusp of recovery in the Year 2014 as larger pharmaceuticals like Johnson and Johnson (NYSE:JNJ)’s have started to take interest in therapeutics like Capricor Therapeutics Inc (OTCMKTS:CAPR).

The shares of NeoStem Inc (NASDAQ:NBS) declined by 8.81% to $7.14. A day after it signed a service level agreement with Kite Pharma Inc through its subsidiary Progenitor Cell therapy. In Friday’s trading the shares surged by 1.16% to $7.83 before selling began. Shares of NeoStem Inc (NASDAQ:NBS) are currently trading below its 20-Day EMA which stands at $7.14. The stock has seen quite a bit of selling in last five trading sessions as it has fallen from $8.29 to $7.14.

XOMA Corp. (NASDAQ:XOMA) rose by 1.84% to $8.32 which is a new 52-week high for the stock. On 9th January’14 Vice President Patrick Md PhD Scannon had sold 20,000 shares at an average price of $8. The stock of XOMA Corp. (NASDAQ:XOMA) has been in uptrend since mid of November’13 and has rallied over 126% from its bottom of $3.67. Going forward investors are advised to trade with a stop loss of $6.75.

Shares of VeriFone Systems Inc (NYSE:PAY) moved up sharply by 4.76% in Friday’s trading session after Standpoint Research raised its price target from $28 to $33. Healthy sales and improved earnings have been the main trigger for the company ever since it crashed in Feburary’12. Shares are trading at 52-Week high at $26.90. Going forward the stock is expected to face resistance at around $28 and $29.50 levels above which it should rally.

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Viraj Shah

Analyst at HEFFX
HEFFX Trading Room is lead by Shayne Heffernan and research from the Trading Desk is prepared by contributor Cyrus, Cyrus has done a M.Com (Finance) and currently pursuing CFP. He is a technical analyst who tracks US markets along with other global markets like India very closely. He is very passionate about stocks and believes that money can always be made in market.
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