Novacare (NOV) breaking out... Message Board

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Biotech / Medical : Novacare (NOV) breaking out...

NOV 15.80

+0.8%

2:16 PM EST

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To: E. Graphs who wrote (120)	9/26/1997 6:03:00 PM
From: Todd D. Wiener	of 420

NOV closed at $16.88 today, its highest close in nearly 40 months--since June 1994. The next resistance level is $19, assuming it is still relevant. If NOV follows its typical pattern, the stock will move lower prior to earnings, which are expected on 10/29. Assuming NOV beats expectations, which I believe they will, the stock will surge upward. Perhaps at that point, NOV will approach $19. Todd

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