New York, NY -- (ReleaseWire) -- 11/29/2012 -- Idenix Pharmaceuticals Inc. (NASDAQ:IDIX) traded in the range of $4.65 and $5.43 during its latest trading session. The stock had opened at $4.66 and closed at $5.30, up 17.96 percent from its previous close of $4.52. The stock is up on the news of getting positive initial rating from Deutsche Bank. It is currently trading above its 6 days EMA and 20 days EMA prices and thus shows bullish trend. Its MACD also confirms its bullish trend. The stock may go as high as $6.22 level in the coming trading sessions. Idenix’s first support level is at $4.69.
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Galena Biopharma Inc. (NASDAQ:GALE) stock closed its latest trading session at $1.79, up 13.29 percent from its previous close of $1.58. The stock shows bullish trend and it is likely to maintain its upward stance in the short run and medium run. The stock is likely to go up to $1.82 level in the coming trading sessions. Upon breaching this level, the stock may touch $1.87. The stock has received initial rating of Buy from Aegis. Galena is engaged in pharmaceuticals industry and the company was formed in 2003. It is based out of Oregon and it was earlier knowns as RXi Pharmaceuticals Corporation.
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