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Biotech / Medical : Biotech & Pharma.T.A,
BIB 83.12-2.1%Jan 30 4:00 PM EST
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To: mopgcw who wrote (3217)4/24/2015 11:14:19 AM
From: Jibacoa1 Recommendation

Recommended By
Biotech Jim

  Read Replies (3) of 3722
 
Re: Your question
Message 30039275
Yes, the March 2014 H at the $5 level is an important resistance.<g>
The stock would make a 52Wks H.
After that important resistances are the Apr13 H at 7.61and the Jul12 at 11.41
The stock will face a good amount of resistance at those levels.
It needs to trade above the Jan2009 H at 14.75 before thinking of testing the Oct 2008 at 23.81 <g>
The 2002 H is too far away at present.<g>
bigcharts.marketwatch.com
But I am long RIGL, the H today is only 3 cents below $5 and although I don't care for UGs, I like the 12% gain on one day.<g>
On its deal with BMY, RIGL received $30 Ms upfront and may receive> $300 Ms. in royalties.<g>

Bernard
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