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Biotech / Medical : Biotech - Technical Analysis

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To: Jibacoa who wrote (320)	4/10/2002 12:27:53 PM
From: Jibacoa	Read Replies (1) of 544

AFFX Is trying to rally today, but it needs to close above the 25 level in order to test the resistance at 26.<g> siliconinvestor.com It needs to close above its March 19 H of 31 to consider a reversal of the down-trend and a possible test of its January 7 H at 41.95 <g> siliconinvestor.com After that a return to the 77 level would look like possible, but the general market conditions remain unfavorable.<g> siliconinvestor.com At any rate, AFFX is one to keep on the "watch list" as it seems to have good upside possibilities and the volume of trading has been picking up.(More than 2 million daily ) The institutions have been buying and it has around 3 million short position.<g> It also has about $6.30 cash/share and the loss for last 12 months was about 1/10 of that .<g> Bernard

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