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Biotech / Medical : AVANT Immunotherapeutics Inc. (Nasdaq: AVAN)
AVAN 10.040.0%Jun 12 9:41 AM EDT

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To: rrufff who wrote (501)3/3/2006 1:40:08 PM
From: Hawkmoon  Read Replies (1) of 513
 
AVAN appears to be getting ready for a major move. There is a 20WeekMA crossover underway, preparing to break north of the 200WeekMA.

bigcharts.marketwatch.com

Not quite sure if earnings on Wednesday will be the catalyst that drives this, but certainly having Glaxo provide is $40 million in royalties for Rotarix is likely to help the stock tremendously.

The hourly chart would seem to indicate that it's "rolling over" short-term, but I see that the 20HourMA average has crossed north of the 50HourMA, and should provide support at $2/share and provide a springboard for more upside.

bigcharts.marketwatch.com

Thanks for the tip rruff.. I think you're on to something here.

Hawk
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