NASDAQ Biotechnology Bulls of the Day: (INHX, VVUS, CTIC, XNPT, ASTM)
Inhibitex, Inc. (NASDAQ:INHX) went up by 5.71% and closed at $5 whereas overall traded volume stood at 3.63 million shares for the day. The current market price is 90.03% more than its last 50 days simple moving average. The RSI value of 85.58 times depicts that the current share value is in highly overbought level.
VIVUS, Inc. (NASDAQ:VVUS) moved up by 6.66% to close at $6.73 with total traded volume of 16.14 million shares in the last trading day as compare to its average volume stood at 2.18 million. The company maintains strong short term liquidity position with current ratio of 11.73 times.
Cell Therapeutics, Inc. (NASDAQ:CTIC) closed at $0.41 after reporting the gain of 7.05% whereas traded volume stood at 12.42 million shares in the last trading day. The share price is highly reactive to market index as its beta value stands at 5.82 times till its last trading session.
XenoPort, Inc. (NASDAQ:XNPT) surged by 7.11% to close at $6.48 with overall traded volume of 1.90 million shares in the last trading day. Its outstanding shares stood at 35.26 million. Its total market capitalization ended at $228.48 million.
Aastrom Biosciences, Inc. (NASDAQ:ASTM) jumped up by 8.66% and closed at $2.76 whereas total traded volume stood at 2.70 million shares for the day. The current market price is 13.71% more than its last 50 days simple moving average. The share price is likely to move by 0.05 times against 1 point change in market index.