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Biotech / Medical : Biotech & Pharma.T.A,
BIB 75.48+1.4%Nov 14 4:00 PM EST

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To: Jibacoa who wrote (1793)1/16/2008 12:18:00 PM
From: Jibacoa  Read Replies (1) of 3722
 
ISTA seems to have support at the $4.75 level. The stock is up 7.34% with volume still below its ADV & no news that I am aware.<g>

bigcharts.marketwatch.com

ISTA has 4Qs of double digit improvement on revenues & has been trimming its losses.

In the 3rdQ its sales were the highest ever, as Xibrom's market share continued to improve. ISTA wants to be among the leading providers of ophthalmic pharmaceuticals, but it is starting to take some steps in expanding its reach beyond the ophthalmic market with the licensing of nasal bepotastine.<g>

With some improvement on the general market's mood it seems that ISTA could get to trade at the $10 level.(That would be a little above the analyst's consensus target around $9.90 & of course, it would have to deal with the significant resistance from the $7 to the $8 level. <g>)

bigcharts.marketwatch.com

Bernard
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