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Biotech / Medical : Biotech - Technical Analysis

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To: JEB who wrote (246)3/22/2002 11:10:03 AM
From: Jibacoa  Read Replies (1) of 544
 
Interesting pattern this morning in KOSN.<g>

There were two 50,000 share trades at 10.25 and 10.26AM at 7.03 and 7.06 respectively, apparently as a cross, since the price was unchanged.

The spread remains rather wide (6.94 to 7.09) with the last trade of 400 shares at 11.01AM at 7.09.

The average daily volume for the past month has been around 67K and institutions have bought more than 2.5M shares in the last Q.

It seems there is support at the 6.90 level.<g>

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And of course upside resistance at 8 and 9.<g> But the blue volume lines seem to have increased since earlier this month in relation to the red ones.<g>

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RAGL

Bernard
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