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Biotech / Medical : Kendle International Inc. (KNDL)
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To: Dr. Leighton Linn who wrote (21)7/20/1998 10:25:00 AM
From: James Wright  Read Replies (1) of 53
 
Leighton --

An U/D ratio of 1 means that there are an equal number of transactions on the up tick as on the down tick. An U/D ratio of 2 means there were twice as many transactions on the up tack as on the down tick. The higher the ratio, generally the more bullish the stock because it means that the stock is being bought more on the up tick than on the down tick. However, it is only one of a number of indicators you should look at.

-- Jim
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