Ionis Pharmaceuticals (IONS) Message Board

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Biotech / Medical : Ionis Pharmaceuticals (IONS)

IONS 84.30

-0.6%

Feb 10 3:59 PM EST

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To: William Nelson who wrote (1796)	3/16/1998 11:01:00 AM
From: Scott H. Davis	Read Replies (1) of 4676

As of 10:35 up 1/2 on big volume. May be some buying from the weekend conference, probably some TA oriented traders buying in short term seeing the technical stregnth. I looked at a lot of indicators over the weekend, and came up with the following: After today's activits, RSI, Stochastics & bollinger bands all will have ISIP in seriously overbought territory. I expect a correction fairly soon. But MACD, Rate of Change, money flow, volume accumulation & momentum are bullish but not "pegged" yet, so there may be some more upward appreciation left before profit taking and mo-players exit results in gravity taking some toll. So, if ISIP corrects back down into the 14s short term, I'd still be encouraged as long as it does not plunge below 14 3/8s. If ISIP holds over 15 1/8, that will be a sign of good technical stregnth. Hope this is of some value. Scott Here are the comments and recommendation on ISIP from a TA site I use, MarketEdge. ISIP Upgraded from neutral this week COMMENT Moving Average Convergence/Divergence (MACD) indicates a BULLISH TREND Chart pattern indicates a WEAK UPWARD TREND Relative Strength is BULLISH Up/Down volume pattern indicates that the stock is under ACCUMULATION The 50 day MOVING AVERAGE is rising which is BULLISH The 200 day MOVING AVERAGE is falling which is BEARISH WATCH FOR RESISTANCE AT 16.13 RECOMMENDATION STOCK IS A BUY

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