Today’s Research Reports on Trending Tickers: Spectrum Pharmaceuticals and Syneos Health
NEW YORK, NY / ACCESSWIRE / February 26, 2018 / U.S. market rallied on Friday as investors awaited an update on interest rates from the Federal Reserve. The Dow Jones Industrial Average was up by 1.39 percent to close at 25,309.99, benefiting from gains in companies like Goldman Sachs Group, while the Nasdaq Composite Index spiked 1.77 percent to close at 7,337.39. The S&P 500 Index jumped 1.60 percent to close at 2,747.30, with the utilities sector closing up above 2 percent and telecommunication closing above 1%.
"I think it was very impressive move for stocks [Friday] after seeing these heavy market selloffs," said J.J. Kinahan, chief strategist at TD Ameritrade. He also said that the monetary policy update and dovish comments from the Fed helped relieve market tension. "I think we are set up for an interesting Monday morning. Can we build on this momentum and go forward or is this as quick fade," Kinahan added.
RDI Initiates Coverage on:
Spectrum Pharmaceuticals, Inc.
https://rdinvesting.com/news/?ticker=SPPI
Syneos Health, Inc.
https://rdinvesting.com/news/?ticker=SYNH
Spectrum Pharmaceuticals' stock jumped 9.92% Friday, to close the day at $22.49. The stock recorded a trading volume of 1,552,376 shares, which was above its three months average volume of 1,100,827 shares. In the last year, Spectrum Pharmaceuticals' shares have traded in a range of 5.47 - 23.50. The share price has gained 311.15% from its 52 week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $20.58 is greater than its 200-day moving average of $16.52. Shares of Spectrum Pharmaceuticals have gained roughly 0.49 percent in the past month and are up 18.68 percent year-to-date.
Access RDI's Spectrum Pharmaceuticals, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=SPPI
On Friday, shares of Syneos Health recorded a trading volume of 3,585,556 shares, which was above the three months average volume of 1,197,309 shares. The stock ended the day 9.46% higher at 34.70. The stock is currently trading 41.63% below its 52-week high with a 52-week trading range of 31.10 - 59.45. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $38.72 is below its 200-day moving average of $41.56. Shares of Syneos Health have fallen roughly 14.85 percent in the past month and are down 20.41 percent year-to-date.
Access RDI's Syneos Health, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=SYNH
Our Actionable Research on Spectrum Pharmaceuticals, Inc. (NASDAQ:SPPI) and Syneos Health, Inc. (NASDAQ:SYNH) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
