BioTech Report: Amicus Therapeutics, Inc. (NASDAQ:FOLD), Spark Therapeutics Inc (NASDAQ:ONCE), Tocca Life Holdings Inc (OTCMKTS:TLIF)
Amicus Therapeutics, Inc. (NASDAQ:FOLD)
AMICUS THERAPEUT closed down -7.360 at 6.390. Volume was 1,786% above average (trending) and Bollinger Bands were 175% wider than normal.
Open High Low Close Volume___
5.980 9.990 5.690 6.390 55,625,760
Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 13.65 15.63 12.00
Volatility: 433 224 130
Volume: 8,316,768 3,300,826 2,257,671
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
Summary
AMICUS THERAPEUT gapped down today (bearish) on heavy volume. Possibility of a Breakaway Gap which usually signifies the beginning of a major market move. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
AMICUS THERAPEUT is currently 46.8% below its 200-period moving average and is in an downward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect moderate flows of volume out of FOLD.O (mildly bearish). Our trend forecasting oscillators are currently bearish on FOLD.O and have had this outlook for the last 5 periods. Our momentum oscillator is currently indicating that FOLD.O is currently in an oversold condition.
Tocca Life Holdings Inc (OTCMKTS:TLIF)
Tocca Life Holdings Inc (OTCMKTS:TLIF) expertise in the drug testing industry and manufacturing partners within US and China provide top quality products with OTC approval. All products will be tested and used in TLIF professional, sober living residences before they are marketed by TOCCA. They will have their own unique branding, are very accurate and have higher margins than the current drop ship protocol.
Product web sites
Three web sites each targeted to different sectors of the market place.
• https://www.buyatestkit.com – Home, family and individuals.
• http://www.buyadrugTest.com – Corporate, small to medium sized companies.
• https://drugtestkits.toccalife.com – Rehab centers, halfway houses, drug abuse centers.
The global drugs of abuse testing market was valued at $2.6 billion in 2012. The estimated market for drug testing is expected to exceed $3.4 billion globally by 2018 which makes our marketing strategy to set up and deploy three web sites very timely. We are strategically well placed to capitalize on this and sell a broad range of products into the marketplace at discounted prices whilst benefiting over 100% profit from each retail sale, eliminating marketing costs for our core business and maximizing the funnel down marketing to our core business of sober living residences with re-occurring revenues from clinical laboratory toxicology testing and safety.
The product range includes urine, oral saliva and on-contact tests. They produce rapid results and test from one to over fourteen different drugs in one test.
Spark Therapeutics Inc (NASDAQ:ONCE)
SPARK THERAPTS closed up 1.570 at 43.930. Volume was 27% below average (neutral) and Bollinger Bands were 36% narrower than normal.
Open High Low Close Volume___
41.540 46.000 40.026 43.930 229,000
Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
Summary
SPARK THERAPTS Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect volume flowing into and out of ONCE.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on ONCE.O and have had this outlook for the last 11 periods.
The post BioTech Report: Amicus Therapeutics, Inc. (NASDAQ:FOLD), Spark Therapeutics Inc (NASDAQ:ONCE), Tocca Life Holdings Inc (OTCMKTS:TLIF) appeared first on Live Trading News.