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Biotech / Medical : Biotech & Pharma.T.A,

BIB 75.40

+5.5%

Nov 11 4:00 PM EST

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To: Steve Lokness who wrote (1766)	4/9/2007 10:42:14 AM
From: Jibacoa	Read Replies (2) of 3722

Steve, RGEN had a good move on Thursday closing at its intraday H & above its Feb 12 H.Volume was 58,756 It needs to close above the Oct 2 spike H of 4.17, the volume that day was > 1.2M with no news to account for it. If it can do that the next resistance would be the Feb 2006 H at $5.08 If you look at RGEN's monthly chart, you will notice that volume has remained low since the 13M & 12M volumes in Dec 2005 & Jan 2006 & those were low compared to the 40M volume in Jan 2004 If the stock can close above its Feb 2006 H it seems it doesn't have significant resistance until it gets above the $7 to the Sep 2003 H at $8.47 <g> Bernard

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