Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: SilasSan who wrote (12439)	6/11/2003 8:15:16 PM
From: James Strauss	Read Replies (1) of 13094

The biotechs (at least the ones I've been looking at as well as the $BTK) have been bouncing off of an exponential trend line to the upside, taking about 4 to 5 sessions after a peak to relax and meet it again. The curve shows no inflection so far so I guess we're still on the accumulation portion. SS: The weakness in the semis (SOX) is benefiting the biotechs (BTK) as tech investors park their money in the biotechs along with the pure biotech investors... This is bullish for the sector... chart.bigcharts.com As you can see, the BTK has outperformed the SOX in the past month... Jim

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