Staar Surgical STAA Message Board

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Biotech / Medical : Staar Surgical STAA

STAA 25.32

+0.3%

3:05 PM EST

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To: gcrispin who wrote (24)	5/12/1999 9:17:00 AM
From: Alan A. Hicks	Read Replies (2) of 50

STAAR broke out of a 10 1/2 month downtrend yesterday on 4.5 times average daily volume. STAAR also broke above its 200-day moving average which should now begin to move sideways. The 200-day moving average is an important long-term trend indicator by chartists. By classical chart analysis STAA has broken its long-term down trend and is building a base between $7 1/4 and $11. A break above $11 and the 200-day moving average turning up would confirm a new long-term uptrend has begun for STAAR. Given that STAAR will finish clinical trials on the glaucoma wick and ICL over the next few months and with the new Toric IOL now ramping up and the new collamer material for IOLS, chances look good for STAAR to break above the $11 level and trend up towards its highs of $18 - $19.

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