3 Stocks Advancing The Drugs Industry

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All three major indices traded up today with the Dow Jones Industrial Average ( ^DJI) trading up 143 points (0.9%) at 16,970 as of Tuesday, July 1, 2014, 3:55 PM ET. The NYSE advances/declines ratio sits at 2,189 issues advancing vs. 849 declining with 140 unchanged.

The Drugs industry as a whole closed the day up 1.2% versus the S&P 500, which was up 0.8%. Top gainers within the Drugs industry included Reliv' International ( RELV), up 2.5%, Natural Alternatives International ( NAII), up 2.6%, Merus Labs International ( MSLI), up 6.8%, Chembio Diagnostics ( CEMI), up 1.8% and Can Fite Biofarma ( CANF), up 2.6%.

TheStreet Ratings Group would like to highlight 3 stocks pushing the industry higher today:

Chembio Diagnostics ( CEMI) is one of the companies that pushed the Drugs industry higher today. Chembio Diagnostics was up $0.06 (1.8%) to $3.49 on light volume. Throughout the day, 17,528 shares of Chembio Diagnostics exchanged hands as compared to its average daily volume of 24,300 shares. The stock ranged in a price between $3.46-$3.50 after having opened the day at $3.50 as compared to the previous trading day's close of $3.43.

Chembio Diagnostics has a market cap of $32.9 million and is part of the health care sector. Shares are up 2.1% year-to-date as of the close of trading on Monday.

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Highlights from TheStreet Ratings analysis on CEMI go as follows:

You can view the full analysis from the report here: Chembio Diagnostics Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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