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Biotech / Medical : Biotech - Technical Analysis

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To: Jibacoa who wrote (112)3/1/2002 11:20:14 PM
From: Jibacoa   of 544
 
TRMS Seems to have found support at the 34.80 level.<g>It was up today 3.27% on moderate volume of 174,500

It should test last Wednesday's H of 39.90 when the market opens on Monday and then the Feb.13 H of 40.25 on its way to test the Dec.31 H at 45.05.<g>

It still would have to deal with last year June-September double top at the 51 level.<g>

But according with yesterday's article on TSC, TRMS insiders have been buying and it has strong buy ratings from five analysts and Deutsche Banc and Lehman Brothers say the stock can rise some 75% to the $70 range.<g> Others have a more conservative one year target around 62, but that would be still a 57% gain from today's close which is something one should not sneer at these days.<g>

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Bernard
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