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Biotech / Medical : Biotech & Pharma.T.A,

BIB 79.78

0.0%

Dec 31 4:00 PM EST

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To: Jibacoa who wrote (2774)	4/19/2010 10:25:14 AM
From: Jibacoa	Read Replies (1) of 3722

CADX is up 14.3% with volume > 1/3 its ADV bigcharts.marketwatch.com It announced today that, based on feedback received during a meeting with the FDA on April16, it plans to re-submit a New NDA for its OFIRMEV (acetaminophen) injection, within the next 30 days.<g> The stock seems to have support at the $9 level. Today it is trading above its first resistance of the $10 level and seems ready to test Jan9 H at $10.91 bigcharts.marketwatch.com But the more important looking resistance is at the Sep-Oct Hs around $11.75 <g> bigcharts.marketwatch.com The insiders hold 50% and it has pretty good institutional following. Although it has been trimming its losses for the last 4Qs, the EL for 2010 is around $1.07 vs. $0.94 in 2009 The ACTAY is $11.69 which would keep it below the Sep-Oct resistance level.<g> bigcharts.marketwatch.com Bernard

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