Life Science Stocks Moving Again-XBI up 1.54%
After a 15%+ move January YTD you would think it is time to step back and take some off. Today the rally was in a full bull MOde with biopharmaceutical stocks leading the way. Here are big upside movers among our focus stocks: ALKS up 2%, BIIB up 3.55%, GILD up 3.37%, IMGN up 5.3%, PCYC up 2.7% and VRTX up 3.8%. Vertex (VRTX) was added as a buy in November at $63. It was one of the few mid-cap laggards.
In the DX and Tools area we have Exact Sciences (EXAS) up 3.6% and Illumina (ILMN) up 2.67%.
Check out two movers not on our coverage list that are technically strong today: Foundation Medicine (FMI $31.42) and Pacific Biosciences (PACB $7.54). PacBio is a small cap genetic testing and sequencing play with a unique platform technology. Foundation Medicine provides analysis of cancer specimens for actionable molecular information about a patient’s individual disease.