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Biotech / Medical : Biotech & Pharma.T.A,
BIB 82.35-4.5%Jan 8 4:00 PM EST

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To: Pied Piper who wrote (1562)2/13/2006 3:14:21 PM
From: Jibacoa  Read Replies (1) of 3722
 
Yes Piper,

FMTI showed some good upvolume on Jan.4 when it traded as high as 1.95 on volume of 983,525 (the highest since the downday on oct.27 when it traded 977,847

It started an upmove on the last half hour of trading on Thursday when it had some good upticks & was able to close at 1.78, just near its intraday H of 1.80 <g>

On Friday it closed at 1.82 again near its intraday H of 1.83 & volume expanded a little to 273,095

Today it announced that it has extended its contract with Pharmavite until mid 2007 for Reducol, which is one of the cholesterol lowering ingredients on its "Nature Made CholestOff".<g>

The stock had a good start, trading at 2.11 at 11.27AM The intraday support is now at 1.87 & it is just now testing the its nearest resistance at 1.95

bigcharts.marketwatch.com

If it can close above today's H the newer resistance would then be the Oct.3 H at 2.20 (that was the day it had an upgap)

bigcharts.marketwatch.com

Further resistance levels to watch will be the March 4 H at 2.64; the Nov.9 2004 H at 3.29 & the April 8 2004 H at 8.28 <g>

bigcharts.marketwatch.com

Bernard
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