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Biotech / Medical : Sepracor-Looks very promising

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To: LLCF who wrote (3636)8/26/1999 12:01:00 PM
From: M. Ramle  Read Replies (2) of 10280
 
David:

It is clear from the chart that SEPR has had higher highs and higher lows lately. In addition, keep an eye on the 13-day and the 50-day Moving Averages which are about to cross. This normally gives a buy signal for a break-out to the upside.

My only two concerns about the recent rally is the disgusting low on this rise and the gap left behind around the $77 1/2 - $78 area which needs to be filled before this rally can be sustained. I would look for this gap to be filled intraday (possibly today) and then a resumption of this rally. Good Luck.

Mazen
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