Novacare (NOV) breaking out... Message Board

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

NOV 15.67

+0.8%

Dec 19 3:59 PM EST

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To: E. Graphs who wrote (155)	10/30/1997 7:15:00 PM
From: Todd D. Wiener	of 420

I bought some November calls today (15 strike). NOV seems to be holding at its 200-day MA, although it's struggling a bit. The stock should breakout next week, because the downtrend and the moving average are currently converging, and I expect resolution. It will be interesting to see what effect NCES will have on NOV. It should help NOV go higher. I still believe in $18 by year-end. Based on the historical chart, now is the time to buy more NOV. Todd

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