New York, NY -- (SBWIRE) -- 12/31/2012 -- Lexicon Pharmaceuticals Inc. (NASDAQ: LXRX), a biopharmaceutical company engaged in the discovery and development of treatments for human disease, is soaring in mid-day trading today. At last check, LXRX was trading 14.21% higher at $2.18 on volume of 4.14 million, which is significantly above the daily average volume of 877,038.
LXRX has crossed its 200-day moving average as a result of today’s rally. This is a strong bullish signal. The upward momentum could continue if the stock breaks through $2.20 resistance level.
Earlier this month, LXRX had announced that its drug candidate for irritable bowel syndrome received Fast Track status from the FDA.
Radian Group Inc. (NYSE: RDN), a credit enhancement company with a focus on domestic, first-lien residential mortgage insurance, is soaring in mid-day trading today, extending its gains from last week. RDN, in fact, has had an excellent run this month, gaining more than 39%.
The recent rally was sparked after the company announced that it received approval of RMAI subsidiary from Freddie Mac (OTCBB: FMCC) through 2013.
In today’s trading, RDN is up 6.12% to $6.07 on volume of 3.29 million, which is equal to the daily average volume. The stock hit a 52-week high of $6.13 in trading today. Technical indicators for RDN suggest that the rally could continue.
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