SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Biotech / Medical : Aviron
AVIR 3.375+1.7%3:59 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Wabash Cannonball who wrote (223)5/6/1998 5:43:00 PM
From: SJS  Read Replies (1) of 645
 
I'm concerned now that we've violated the upper BB pretty severely with the magnitude of the acceleration of the move up. Today's move (price action) was strong up too, but on very low volume (75.5K as compared with 3 month average of 120K/day)

The stock may attempt to ride/hug the upper BB for a while, but it seems to be definitely moving on news, and not trading normally. If it followed classic BB analysis, it would retrace to midpoint of 23.5, or lower BB of (eeks!!) 21.5.

I'd prefer a slow and steady ascent, not these 20% power spikes in 7 days. Don't get me wrong, I like the appreciation, but want it so that it doesn't have to sell off or do too much retracing.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext