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Top 5 Companies in the Biotechnology Industry with the Best Relative Performance (IRWD , EPZM , ABBV , CARA , CTMX )

By James Quinn

We looked at the Biotechnology industry and measured relative performance to find the top stocks. Relative outperformance is a bullish sign of underlying fundamental and technical strength. We look at yesterday's price action of all companies in this peer group.

Ironwood Pharmac (NASDAQ:IRWD ) ranks first with a gain of 4.96%; Epizyme Inc (NASDAQ:EPZM ) ranks second with a gain of 4.62%; and Abbvie Inc (NYSE:ABBV ) ranks third with a gain of 3.31%.

Cara Therapeutic (NASDAQ:CARA ) follows with a gain of 2.83% and Cytomx Therapeut (NASDAQ:CTMX ) rounds out the top five with a gain of 2.79%.

SmarTrend recommended that its subscribers protect gains by selling shares of Cytomx Therapeut on August 15th, 2018 by issuing a Downtrend alert when the shares were trading at $22.40. Since that call, shares of Cytomx Therapeut have fallen 15.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: relative performance ironwood pharmac epizyme inc abbvie inc cara therapeutic cytomx therapeut