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Today's Research Reports on Trending Tickers: Amarin and Seattle Genetics

NEW YORK, NY / ACCESSWIRE / November 19, 2018 / U.S. equities finished mostly in the green on Friday as investors digested comments from President Donald Trump, expressing confidence in resolving the current trade dispute between the U.S. and China. The Dow Jones Industrial Average was up 0.49 percent to close at 25,413.22, while the S&P 500 Index increased 0.22 percent to close at 2,736.27. The Nasdaq Composite Index finished 0.15 percent lower at 7,247.87.

According to Michael Arone, chief investment strategist with State Street Global Advisors, “Usually the upcoming holiday season is a great time for the markets, earnings have been strong, and we can still expect to see the lingering effects of tax cuts in the next couple of quarters.”

MERInitiates Coverage on:

AmarinCorporation plc

SeattleGenetics, Inc.

Amarin's stock moved 2.43% higher Friday, to close the day at $18.15. The stock recorded a trading volume of 12,784,829 shares, which was below its three months average volume of 17,301,632 shares. In the last year, Amarin's shares have traded in a range of 2.35 - 23.34. The share price has gained 672.34% 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 $19.84 is above its 200-day moving average of $7.61. Shares of Amarin have fallen roughly 9.75 percent in the past month and are up 352.62 percent year-to-date.

AccessMER's Amarin Corporation plc Research Report at:

On Friday, shares of Seattle Genetics recorded a trading volume of 3,318,179 shares, which was above the three months average volume of 1,035,312 shares. The stock ended the day 5.59% higher at $57.43. The share price has fallen 31.93% from its 52 week high with a 52 week trading range of 47.75 - 84.37. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $66.08 is below its 200-day moving average of $67.90. Shares of Seattle Genetics have fallen roughly 22.10 percent in the past month and are up 7.35 percent year-to-date.

AccessMER's Seattle Genetics, Inc. Research Report at:

Our Actionable Research on Amarin Corporation plc (NYSE:AMRN) and Seattle Genetics, Inc. (NASDAQ:SGEN) can be downloaded free of charge at MarketEdge Report.

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SOURCE: MarketEdgeReport