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Biotech / Medical : Immucor -- Ignore unavailable to you. Want to Upgrade?


To: sim1 who wrote (338)7/17/1999 8:23:00 AM
From: michel petit  Respond to of 422
 
There was a lot of institutional buying last week.Until July 8 ,volume was anemic(<50K/day),price was $14 then both volume and price surged:
date close volume
09- 14 7/8- 150600
12- 16 3/8- 285300
13- 17 1/8- 380800
14- 16 15/16- 171300
15- 17 1/4- 88500
16- 18- 337900
All this suggests that institutions are buying.That's good news because this buying tends to be for longer term than short-term traders buying and much less volatile.