Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 199.07

-3.4%

3:59 PM EST

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To: Allan Harris who wrote (15686)	3/8/1998 9:49:00 AM
From: Allan Harris	of 32384

>Using a vertical count, Point & Figure analysis projects an initial objective of 26, with a stop about 11. Updating this analysis, LGND's Point & Figure chart is providing a nice trading opportunity. The objective of 26 still looks good, but now stops on trading positions can be brought up to just under 13.5. A breakout above 16.5 would signal a rise into the mid-20s while a move below 13.5 would negate the bullish pattern. Risk two points from here to make ten. Allan, King of France

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