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Biotech / Medical : Biotech - Technical Analysis

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To: Jibacoa who wrote (376)	5/10/2002 12:04:59 AM
From: Jibacoa	Read Replies (1) of 544

XOMA (Apparently on a late reaction to yesterday's news <g>) was up 15.22% today with volume slightly ahead of its average.<g> It seems it has formed a base at the 3.40 level and it may try to close some of its April 5 dow-gap, for which it may have to climb to the 5.80 level after going through the resistance from the 4.95 to 5.20 levels.<g> (Today's intra-day H was only 4 <g> ) siliconinvestor.com siliconinvestor.com XOMA was outperforming the general market erlier this year, but ran into problems in early April.<g> Of course it had a "head and shoulders" formation with its Hs on February 11, 12 & 13 and in spite of trying to form a base in March, the price was not able to climb back above its longer term average at any time since mid-February.<g> siliconinvestor.com Bernard

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