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Biotech / Medical : Biotech - Technical Analysis

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To: Jibacoa who wrote (451)	7/1/2002 1:18:25 PM
From: Jibacoa	Read Replies (1) of 544

DGEN Is also having a pretty good move today (considering the market and especially the Biotech sector.<g)It has continued the uptrend that started last week. It is up more than 10% on volume already close to its daily average, apparently after it announced a $20M “bank term loan” (on which it has already drawn $10M) and a $5M loan on its account receivables.) DGEN insiders, (in contrast with AVN <g>) hold around 88% of the stock and institutions more than 300% of the float albeit they had been doing some selling lately.<g siliconinvestor.com Of course after it can close above 3 it will have to deal with the significant resistance between 4.50 and 5.<g> siliconinvestor.com Bernard

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