Theragenics (TGX) on the up and up Message Board

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Biotech / Medical : Theragenics (TGX) on the up and up

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To: Stephen M. DeMoss who wrote (759)	3/21/1998 10:21:00 AM
From: Jeffrey Beckman	Read Replies (2) of 1055

Steve, Other than normal profit taking, one factor may be the split. Many are anticipating having 2x the number of shares, so they drop half feeling comfortable with what's left. Also, in my novice attempt at technical analysis, I've noticed that the stock has shown oscillations between the upper Bollinger Band and the trend line. At the moment, the upper BB is around 71-72 heading slightly upwards, with the trend line near 66, also pointing up. So, there may be some support here. The next line of support might be the lower Bollinger Band. Going from memory, the lower BB was at 60-61, which would probably be the second line of support, if the trend line is broken. Jeff

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