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Biotech / Medical : Biotech - Technical Analysis

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To: Jibacoa who wrote (397)	6/6/2002 12:43:24 PM
From: Jibacoa	Read Replies (3) of 544

Not a good day today for Biotechs or for the General market<g> The BTK dipped below the 370 support around 11.30AM this morning and although it has tried to come back, it doesn't seem it will be able to do it today.<g> (It has to climb back to 375 on the intra-day chart) The number of A/D on the sector at first glance looks like 2/5<g> Among some showing significant volume and trying to stay on the black is NEOT, maybe with help of the news of its patent for prolactin-releasing peptide (PrRP)or last week's news on their drug for Parkinson's<g> siliconinvestor.com siliconinvestor.com NEOT seems to be forming a base to try to close some of its April 29 down-gap.<g> clearstation.etrade.com Bernard

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