Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 206.54

+3.2%

Jan 9 9:30 AM EST

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To: CYBERKEN who wrote (3541)	6/14/1997 3:58:00 PM
From: Scusami	of 32384

To All: Ligand Status for W/E 6/13: The AMEX Pharm Index (DRG) has broken out to a new high. The AMEX Biotech Index (BTK) is lagging and pausing at present but looks ready to go up. LGND is consolidating and has re-entered the top of the Bollinger band. It may trade horizontally for a few days here (until the center of the band is achieved) before it goes up once again. LGND's 20 Day MA is at 12.64 the 50 DMA is at 11.41 the 100 DMA is at 12.0, and the 200 DMA is at 12.8. The 50 DMA needs about 2 more weeks to cancel out the $9 to $10 range trades (which occurred in April) before it surpasses the 100 DMA. That would be bullish. We closed the week above all the moving averages, so we now have support galore. Short term momentum is leveling off but is strong long term.

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