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Biotech / Medical : Biotech - Technical Analysis

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To: Jibacoa who wrote (491)7/18/2002 6:17:36 PM
From: Jibacoa  Read Replies (1) of 544
 
TBIO Is among the few Biotechs staying out of the red camp today.<g>

It is up 6% after it announced yesterday a deal with GRN to supply modified nucleic acid building block compounds that Geron will use to synthesize GRN163.

GRN163 which reportedly works by inhibiting telomerase, has demonstrated to be effective in animal models of glioblastoma, prostate Ca, lymphoma and multiple myeloma.

siliconinvestor.com

The stock needs to close above 3.75 before it can test the resistance at 5. The long term average line stands at 4.06

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Bernard
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