Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 189.93

+0.5%

Jan 2 9:30 AM EST

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To: squetch who wrote (3689)	6/24/1997 8:04:00 PM
From: Scusami	of 32384

Squetch: I just got back from Cincinnati and saw this request. I don't have access to the IXBT and can't make that comparison for you. As of today's close (6-24-97) here are my interpretations of the LGND charts: RSI - declining MACD - turning negative Direction - turning negative Stochastics - turning down Volume accumulation - negative OBV - topping out 20DMA = 12.25 50DMA = 12.51 100DMA = 12.36 200DMA = 12.48 Max downside risk appears to be 12.25 Point and figure chart may have started building a trading band between 12 3/4 and 14. Three or four cycles would be healthy and provide the base for a thrust to the 17 area.

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