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Biotech / Medical : Novartis
NVS 126.57+0.9%10:20 AM EST
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To: Sonki who wrote (144)1/13/1998 9:47:00 PM
From: Chuck. Edwards  Read Replies (2) of 296
 
An unusually quiet board, especially after the company announced that it was shutting over half its facilities -- talk about cost-cutting. A very bullish move, IMHO.

By the way, are there any technicians out there? A quick glance at the chart shows lower lows and flat to slightly higher highs. Is this what one calls an ascending triangle? Whatever it is termed, it sure looks bullish to me, though volume has not been heavy. Any TA input would be very welcome.

Cheers

Chuck Edwards
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