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Biotech / Medical : Biotech - Technical Analysis

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To: Jibacoa who wrote (502)8/7/2002 1:52:57 PM
From: Jibacoa  Read Replies (1) of 544
 
NABI Is doing well today.<g>

The DOW and the NAZ are both back on negative territory and could retest the recent Ls.

NABI is up 11.83% with volume now close to 160 K.

About 2 weeks a go the Boca Raton, FL company announced its 2nd Q results.<g>

They reported net income of $0.8 million or $0.02 per share.This earnings performance contributed to positive cash flow from operations of $2.0 million.They ended the quarter with $47 million in cash and equivalents and no debt.<g>

The stock has been selling below book and with a P/S around 0.95

At any rate is is good to see it going up against the general market trend.<g>

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Bernard
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