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Biotech / Medical : Biotech & Pharma.T.A,

BIB 70.25

+0.1%

Nov 6 4:00 PM EST

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To: JMarcus who wrote (218)	1/16/2003 11:37:31 PM
From: Jibacoa	Read Replies (2) of 3722

CRDM Marc: On its daily chart it still remains on a near term UPTREND, albeit today's intra-day L of 1.27 at 3.05PM and 3.20PM (an intra-day double bottom<g>)made the price dip below its S average on the daily chart. The stock had not done that since the present trend started on Jan.9.and it is like a warning sign, that needs to be watched closely, since on the daily chart the stock seems overbought, with the P somewhat wide apart from the M & L averages.(The PSML data at today's close was: 1.36 1.30 1.15 & 1.02 ) On its weekly chart the stock is not yet on a frank UPTREND since the L average is still above the S & M. The data there at present: 1.36 1.15 1.04 & 1.17 On the daily chart, if the stock breaks its nearest support at 1.25 it could come down to test its M average line at 1.15 or the Nov.29 H at 1.10. the support at the Hs from Jan.3, Jan.6 & 8 at the 1.05 level looks more solid and still above the L average at 1.02. Of course a drop to 1.05 would be almost 23% from present level and I would not wait that long to take profits and reinvest later. (I would sell if the stock makes a L tomorrow below the one today at 1.27 and tomorrow's H is less than 1.45 )That is if you are trading it on a non-taxable account.<g> Bernard

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