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Strategies & Market Trends : Point and Figure Charting

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To: the options strategist who wrote (12595)1/11/1999 11:04:00 PM
From: Ms. X  Read Replies (1) of 34809
 
Jen, looking at the Biotechs.
There are a lot to choose from since the sector has been a weak. The following are stocks that can be bought at market and I'm listing the stops. Of course I have to put in the traditional FA disclaimer.

The stocks you asked about:
PFE, nice pullback. Momentum is still negative so it may not be done pulling back yet. Stop is 108. I see no reason to think the stock is in any trouble, just taking a breather.
MRK, I'd wait a little bit on this. Broke a double bottom but otherwise looks good. 2:1 split on 2/17.

Here is a list of others with their stops.

BXM 51
SERO 24
AMGN 99
AVIR 18
CELG 13.5
GENZ 46
ICOS 20
IMNX 114
KERA 11.5
MEDI 41
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