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Biotech / Medical : Biotech - Technical Analysis

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To: Jibacoa who wrote (482)	7/18/2002 2:56:52 PM
From: Jibacoa	Read Replies (1) of 544

INGN The support at 2 has continued to hold and is trying for an up-move against the present Biotech trend.<g> As previously mentioned it received a patent last month for its INGN 241, which in a preclinical study showed that it can suppress the growth in vivo of non-small cell lung cancer. Earnigs reports are due on July 31. Insiders reportedly hold more than 60% and the float in only around 8M.<g> siliconinvestor.com It needs to close above 2.50 in order to test its June 11 H at 3 Its long term average line on the daily chart stands at 2.73 at present. siliconinvestor.com Bernard

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