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Biotech / Medical : IMNR - Immune Response

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To: John S. Baker who wrote (373)4/18/1998 10:57:00 AM
From: Robert DeHaven  Read Replies (1) of 1510
 
John: Regarding your TA analysis...Manny is a good TA person. But here is my interpretation....

The stock has been under quiet accumulation for the better part of 3 weeks now....MACD line will evidence this it has hovered around positive territory and now is inching higher into positive territory.

My favorite the Bollinger Bands narrowed to a very small gap just prior to this recent up move. This is usually a very good indicator that there is a move coming...

More interesting unrelated TA is the fact that there is a health care conference coming up I think sponsored by Prudential in May around the 20th I believe....

Further, the rotation of money seems to have found the drug sector this past week...Very strong moves by Pfizer as the new erectile disfunction drug is being sold like gang busters....

For me I think the recent activity by IMNR is better than Pfizer's drug....(ggg)

good luck,

bob
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