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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Jibacoa who wrote (4416)6/8/1999 10:57:00 AM
From: James Strauss  Read Replies (2) of 13094
 
CBMI...

Bernard:

Yesterday CBMI reacted positively to news concerning its bone implants... There appears to be some profit taking today... Look for the 4 7/8 area to offer resistance before it can challenge the 6.00 or 7.00 areas...
iqc.com

One point of concern is the diminishing revenues... While I understand that you don't look for earnings in these development stage biotech stocks you should see improving revenues...

Jim
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