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Biotech / Medical : Biotech & Pharma.T.A,
BIB 82.74-1.3%Dec 26 4:00 PM EST

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To: Jibacoa who wrote (2197)1/25/2008 10:10:39 PM
From: Jibacoa   of 3722
 
NOVA was up 15.54% on volume of 493,534 >2x its ADV, but is having some profit taking AHs.

bigcharts.marketwatch.com

On Jan9 it announced that it has acquired an optical products purchasing organization for a purchase price of approximately $7M.

NOVA has 4Qs of double digit improvement on revenues & earnings also improved by 33% in the last Q.

The stock trades close to BV with +CF around $0.40 The short ratio increased 40% in the last month & is close to 5x its ADV.

The analysts have a yearly target around $6.75, but it seems that the stock has substantial resistance at the $4 level before it can test its Oct26 H at $5.73 <g>

bigcharts.marketwatch.com

Bernard

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