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Biotech / Medical : QDEL - Quidel more quick diagnosis
QDEL 27.43+1.2%Nov 5 3:59 PM EST

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To: jad who wrote (1632)11/22/1999 2:50:00 PM
From: jad  Read Replies (1) of 1693
 
Stock of the Hour Nov 22 1999 9:28AM CST
Archives...

Quidel Corporation Breaks Out

by Blair G. Jeffery

Quidel Corporation {QDEL} is a penny stock to watch. The
stock gapped to a new record high today, continuing a very
strong upward trend that started on Thursday of last week.
QDEL develops rapid immunodiagnostic products which provide
diagnoses in the areas of reproductive and women's health,
infectious diseases, allergies, and autoimmune disorders.

The stock, which appeared in the 10:22 p.m. CST ProSearch
run of Stocks Breaking Out To New 52-Week Highs, gained
25/32 of a point (10 percent) to 5-27/32 on over 300,000 shares
traded or +125 percent of QDEL's average thirty-day volume. In
the last five days, the stock has gained 53 percent on a 200
percent increase in average daily volume - another sign that
momentum traders are bidding shares upward.

QDEL's 12-month chart with Wilder RSI Indicator

Despite QDEL's impressive three day surge, the stock remains
in fair value territory according to its Wilder RSI indicator. The
stock shows a Wilder reading of 55. A reading of 70 or more
indicates overvalue for a stock. Look for QDEL to continue to
experience strong upside momentum over the next several
trading days.
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