Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 190.43

-0.7%

Feb 6 9:30 AM EST

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To: Arthur Radley who wrote (7403)	9/24/1997 11:40:00 AM
From: MulhollandDrive	of 32384

dude, this is what I was referring to in my previous post to Andrew regarding LGND volume. You need confirming volume for a true breakout, so far I just don't see it. Indeed, the volume had been up during the run from 12 to 16, but for the stock to "break out" and make new highs from here, I can guarantee you it won't be on the kind of volume we've been seeing for the past couple of days. Why don't you have your broker give you a read on the OBV line? It will usually breakout before prices do thus giving you a better indication whether the stock price is beginning to reverse or is just resting. bp BTW, don't consider myself an "expert" on LGND or any other biotech, or TA for that matter.

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