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Biotech / Medical : Biotech - Technical Analysis

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To: Jibacoa who wrote (512)8/15/2002 8:43:44 AM
From: Jibacoa  Read Replies (1) of 544
 
CTIC Is due to continue the up-move.<g>

After announcing the start of Phase II for XYOTAX on breast cancer and its Phase III on Ovarian CA, it has now been "up-graded"<g> by USB to Strong Buy with a target of $12.<g>

The Seattle Co. reportedly has $6.72 in cash/share, the insiders hold 37% and had been buying lately.306 Institutions that hold 136% of the float,<g>had also been buying and there is a 22% short position (about 8x the daily average )to make things more interesting.<g>

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