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Biotech / Medical : NEORX(nerx)
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To: OldAIMGuy who wrote (632)10/20/2000 4:38:19 PM
From: MrBuzz  Read Replies (1) of 661
 
Thanks Tom

Looking at NERX, I see a cup that had failed. :o(

The handle has appeared to make a new high from the bottom of the cup and the stock needs a gap up or strong move above $19 1/2. The other thing I see is that rim of the cup failed to make a new high (which was the market's hint of a downside handle).

The 200 MA is roughly $15 5/8. It looks like we came close to that that last Friday intraday. Nerx is in a "strong" position although it appears to have flattened out. So if you are a long term position holder, or possibly even a speculative investor in NeorX, it's still a hold.
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