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Biotech / Medical : Biotech - Technical Analysis

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To: Jibacoa who wrote (472)7/15/2002 1:45:23 PM
From: Jibacoa  Read Replies (3) of 544
 
BTRN Is among the few Biotechs showing some move against the general down-trend.

It is up 8.12% on low volume of 34,300 but with a negative B/A at present of 1/5 with a spread of 1.65 to 1.74 <g>

BTRN needs to close above 2.12 before it can attempt to test the resistance from the 2.90 to 3 which it needs to do to get off the present downtrend.

siliconinvestor.com

siliconinvestor.com

It is trading below the price of its recent offering of 4M shares at $2.50 (which gave it enough cash to burn for an extra 4 1/2 months.<g>)In spite of the recent cash infusion it seems it may need some more.

Bernard
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