XOMA. Bull or Bear? Message Board

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Biotech / Medical : XOMA. Bull or Bear?

XOMA 32.31

+1.4%

Nov 26 3:59 PM EST

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To: Bluegreen who wrote (7658)	11/6/1998 10:50:00 AM
From: Slugger	Read Replies (2) of 17367

Can you give us a quick technical read? WHAT is going on here? Blue, I think it's called making money (unless, of course, you've been in XOMA since 1992).:-) Technically we've broken above the 200 day MA. Most techies consider the 200 day MA an indicator of a bull or a bear trend in a stock, if a stock is above the line it is bullish. There looks to be the potential for resistance in the 4 1/2 to 5 range, so we might see a much need pull back from that area. Of course, news from the FDA will make all technical indicators worthless in this stock. Slugger

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