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Biotech / Medical : Sepracor-Looks very promising

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To: LLCF who wrote (3713)9/18/1999 4:41:00 PM
From: M. Ramle  Read Replies (2) of 10280
 
David:

Analyzing the chart very carefully and trying to be the Devil's advocate, I am very tempted and encouraged to say that it looks like a triple-bottom formation in the mid $60's. If SEPR can have a follow-through on Monday with above-average volume, I could make a strong case for a good rally from here to at least test the 13, 28 and 50-DMA lines around the $79 range. The main overhead resistance in my opinion lies around the $86 range, which if taken out, would trigger a lot of Buy-Stops and good short covering. Good Luck.

Mazen
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