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Biotech / Medical : Oscient Pharmaceuticals Corp. (OSCI)

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To: Peter Shaw who wrote (76)9/17/1996 7:10:00 PM
From: Tara Cobble   of 1154
 
Charting garbage and thoughts on GENE, ARRS, and ARNX.
GENE:
Reading the GENE charts (my opinion and untrained eye) does not indicate any thing for concern and still looks positive (IMHO). It looks like about 5 days or so ago the stock price broke above the 200 day moving average (maybe 9.8 or 9.9) and that the 10 and 20 day moving averages are moving up but have not yet broke above the 200 day average. I am guessing that when this happens that the price will be above 11 or so. (Over 20M shares with a market cap of about $205M.)

ARRS:
Reading the ARRS charts (my opinion and untrained eye) that the 10 day and 20 day moving averages are in a flat trading cycle and appears to be a support level around 11 and slightly above. This has been the case over the past two months. The 200 day moving average is slightly above 13 and at that point a person will have missed out on 10% or more to wait from current levels to $13.
Looking at the 50 day moving average and indicators the price just this past week broke above that average and the 10 and 20 day averages are almost right on the same line --- is this positive or negative?????? (I think positive, but what do you think?) (13.87M shares with a market cap of about $163M.)

ARNX:
Reading the ARNX charts (my opinion and untrained eye) that the 10 day and 20 day moving averages are above the 50 day and these all seem to track fairly close. Overall the trend in all 3 is up so it appears there is not a lot of risk, but who knows --- not me. With the 200 day moving average this is around 5.75 and over the past 9 1/2 months the price and other averages (10, 20) have always been above the line. Again the trend (slope) is up with about 1.5+ increase in the average (price level for 200 day) over approx. each 4 month period. (Volume recently has been low, but picking up out of 12.4M shares.) Market cap is around $137M.

Any comments and please pick the heck out of the above since I am no expert. Sorry about putting ARRS and ARNX on this thread, but I think some of us here are following several or all of them.

Good Luck Tara
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