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Biotech / Medical : Biotech - Technical Analysis

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To: Jibacoa who wrote (108)2/28/2002 3:15:47 PM
From: Jibacoa  Read Replies (1) of 544
 
ENMD Also had a good up-gap today.<g>

Its Endostatin product received "Orphan Drug" approval from the FDA for treatment of melanoma (it had received same approval last August for treatment of neuroendocrine tumors)and they have scheduled a conference to release years end results on March 5.

The net earnings for the Q ended Sept 30 were on black ink.<g> In January they reported a deal with Alergan.

Resistance is now at the Jan.23-Feb.4 double top at the 8.50 level.

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Bernard
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