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Biotech / Medical : Centocor ( CNTO )
CNTO 0.000010000.0%Nov 21 9:30 AM EST

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To: Thean who wrote (122)6/9/1997 10:20:00 PM
From: FNS   of 965
 
Thean Y.: In general, I agree...We've had 2 failed breakout attempts, but not a failed breakout at this point! A 'close' of 36 1/8+ will establish a 'breakout' which will hopefully provide impetus to the 38 level, pending news, volume, RSI, etc. Subsequent to a breakout, should the stock pull back without significantly testing the 38 level we then would have a "failed breadout" at which time the 34 support level would be tested.

Although somewhat disappointed that we didn't get a 36+ close, the stock is still acting positive and building stronger support. ...feels like waiting in the starting gate for 'touch of gold' to win...ya, it was a great race...now waiting anxiously for CNTO to move up!!!

Good luck to all.
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