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Biotech / Medical : Biotech - Technical Analysis

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To: Jibacoa who wrote (314)4/9/2002 11:02:00 PM
From: Jibacoa  Read Replies (1) of 544
 
HEPH moved up from the 6 support level today.<g>

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It still has to close above the March 13 H at 7.74 before trying for the more heavier resistance at the 9.50 to 9.75 levels ( from the February 14 H and the late January Ls).<g>

siliconinvestor.com

And HEPH has still further resistance hurdles before trying to test the January 14 H at 12.24 or the December 10 H at 14.25.<g>

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But as I mentioned the support at the 6 level looks pretty good and it seems with some help it could make it to the 10 level for a 50% gain.<g>

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HEPH has several products in its pipeline.<g>

Its lead drug is HE2000, which is currently being studied in clinical trials for HIV/AIDS in South Africa, and also on a Phase II in the U.S.
That same drug is being tested in a Phase II in Thailand for the treatment of malaria, and in Singapore for the treatment of hepatitis B.

Its HE2500 is currently on a Phase II trial for cardiovascular disease and has shown some activity in other indications.

HE2100 is as a radioprotectant to be jointly developed with the U.S. military.

Bernard
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