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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 (2487)8/7/2009 5:58:40 PM
From: Jibacoa  Read Replies (1) of 3722
 
AVII closed up 9.09% with volume more than 300Ks over its ADV, but is having some profit taking AHs.

It is scheduled to report its 2ndQ results on Monday when the market opens

Th stock has been on a recent UT since Apr 27 when it was able to close back above $1

bigcharts.marketwatch.com

Support remains at $2 and nearest resistance at $2.50 and then at the Jul30 H of $2.73

At the time they reported the 1stQ results in May, they said that they planned to spend $10 or $12M on the cruurent Yr. They had about $25M in cash. I don't know if that included the $5.1M from DTRA for antisense work on the swine flu.

The ACTY (analysts' consensus 'target' at Yahoo) is $2.75, but with some good news the stock could get back to the $5 level. <g>

bigcharts.marketwatch.com

Bernard
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