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Biotech / Medical : Sepracor-Looks very promising

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To: billy d who wrote (1193)9/22/1998 1:19:00 AM
From: M. Ramle  Read Replies (1) of 10280
 
Billy d:

Thanks for your note. Billy, My technical indicators (confirmed by today's actions) are giving strong BUY signals for a near-term price target of $69-70 (possibly by the end of this month). One of my indicators that I follow very closely in my TA is the 50-Day MA vs. volume change on up and down days. This indicator which was also confirmed by today's actions is signaling a move to the up-side equal to the difference of the 50-Day and the 200-Day MA when the price pierces through the old high right after crossing the 50-Day, i.e. the difference between the 50-Day and the 200-Day MA's was approximately 9 1/2 to 10 points right when the stock crossed above the 50-Day MA to make a new all-time high. My new price target for SEPR would therefore be as follows:

Old High of $60 3/4 + Difference between the two MA's of approx. $9 1/2 would yield a new all-time high of $$69 1/2 - $70.

Let's see if this analysis is going to work out. GOOD LUCK TO ALL.

Mazen
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