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Biotech / Medical : Sepracor-Looks very promising

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To: BMcV who wrote (1731)2/12/1999 11:42:00 AM
From: M. Ramle  Read Replies (2) of 10280
 
Bruce:

My near-term target on SEPR was, is and still $128-130 area as long as we don't violate the most recent overhead resistance of $115, which by the way was pierced like a piece of cake. Granted, I would have liked to see the volume yesterday a little higher, nevertheless, I am still very convinced of this move.

On a closing basis, I would strongly suggest that you keep an eye on the $115 level which has become the near-term support now. My take thus far is "STAY CONVINCINGLY LONG". Good Luck to all.

Mazen
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