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Biotech / Medical : Vivus, Why the Slide?

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To: Tunica Albuginea who wrote (3136)8/22/1997 9:59:00 PM
From: JPR   of 3991
 
Tunica,

I saw your post in another thread and you recommended Vivus. I am very interested. I looked up the technicals.This is what I find. I need your perspective on this.
1: Mid Feb price 39
2: 07-16-97: price 31
3: Today's price: 25.984
4: Stochastics Buy signal 2 days ago
5: RSI: Finding resistance at 50 level
6: Charts show resistance at these price levels: 29, 31, 33
7: The price bounced off lower Bollinger Band, but finding it difficult to pierce 20 day moving average.
Please correct me if I am materially wrong in my presentation.

Paul

Thank you in advance for your anticipated opinion.
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