Ligand (LGND) Breakout! Message Board

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Biotech / Medical : Ligand (LGND) Breakout!

LGND 193.28

+1.8%

11:37 AM EST

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To: tonyt who wrote (25459)	9/16/1998 11:48:00 AM
From: Webhead	Read Replies (2) of 32384

Hey, for any point and figure folks out there, the NYSE bullish percent just reversed yesterday suggesting that the market finally DID get oversold and is ready to stage a comeback. It is still a bull alert and not fully confirmed but things are finally looking up. LGND's P&F performance has been miserable of late (no surprise there!) but after a "long tail down" of 22 boxes there was a 4 box reversal this month. If the market continues bullish, this is a strong bullish signal for LGND on at least the short term. Strong resistance at 8.5, 11 and 12. There is still a heck of a downtrend to buck but LGND is finally showing some life. All IMHO Ed

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