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Strategies & Market Trends : Charts on Near Term Uotrends

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To: Jibacoa who wrote (1260)9/22/2009 12:24:40 PM
From: Jibacoa  Read Replies (1) of 1404
 
CHIP is still up 31% with volume close to 11M.<g>

bigcharts.marketwatch.com

It opened with a good UG yesterday after it announced that it had been granted an exclusive license to RECEPTORS' Patent No. 7,504,364 titled “Methods of Making Arrays and Artificial Receptors” and Patent No. 7,469,076 “Sensors Employing Combinatorial Artificial Receptors,” in their application to the development of the virus triage detection system for the H1N1 virus.

The patents can also be applied to detection systems for other viruses and biological threats such as Methicillin-resistant Staphylococcus aureus (MRSA).

Last week,CHIP announced its plans to fund its existing partnership with RECEPTORS to develop the virus triage detection system for the H1N1 virus.

I have to go back and check what is the present relation of DIGA and CHIP. (CHIP was a subsidiary of DIGA.) DIGA is not participating on CHIP's move today.<g>

CHIP has a good amount of resistance at the $4 level and it may come back to close the UG at the $3 level.The insiders hold > 50% and it doesn't have significant LTD.

bigcharts.marketwatch.com

DIGA had s spike yesterday, but didn't trade above its previous spike of Sep 1 at the $1.38 level. It has resistance at $1.50 It has been trimming its loss in the last 2Qs and trades below BV with a large negative CF

bigcharts.marketwatch.com

If it can god results in the pending 3rdQ (Sep) and close above $1.50 the stock has plenty of room to run.<g> (Last Yr, it reported a large loss on the 3rdQ ($2.13) with a good amount of restructuring and non-recurring items, so it is expected that the results should look much better this Yr.<g>)

bigcharts.marketwatch.com

Bernard
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