Centocor ( CNTO ) Message Board

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Biotech / Medical : Centocor ( CNTO )

CNTO 0.00001000

0.0%

Mar 7 3:00 PM EST

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To: Thean who wrote (104)	5/27/1997 11:54:00 PM
From: FNS	of 965

Thean Y.: AGREED! Close of $34 last Friday and 'breakout' today is indicative of bullish chart pattern...the daily chart tells it all!!! I think we'll see $36 within days and $38 later on, depending upon breath of resistance at $36. As you may recall, the stock dropped from $40 in late February to $29, rallied to $36, and subsequently dropped to $24...therefore, a double top at $36, and prior resistance means some digesting...but it appears that a close above $36 with high volume opens the door to new highs. Any positive company or analyst news will certainly help matters...but I do think the stock activity is telling us something -- In my opinion, fundamentals remain strong and future is bright for CNTO, shareholders, and those who may benefit medically. Good luck to all.

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