Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Biotransplant(BTRN) -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Radley who wrote (1263)	3/2/2002 8:33:00 PM
From: Arthur Radley	Read Replies (1) \| Respond to of 1475

For those who use TA for their investing, the OBV for BTRN is very positive when you consider the trend shown as opposed to the recent decline in the share price. On Balance Volume (OBV) OBV is a very popular indicator developed by Joseph Granville and is a running total of volume that reflects accumulation or distribution. Each day's volume is assigned a positive or negative value depending on whether prices closed higher or lower that day and a running total is kept by adding or subtracting the volume depending on the direction for the day. The direction of the OBV line is the thing to watch not the actual level. This indicator will often confirm underlying strength or weakness of a price trend and will often signal a top by declining while the stock is still rising, indicating big money is leaving the stock. Conversely, a rising OBV in the face of a declining price trend or an OBV that refuses to confirm a new stock reaction low could indicate smart money is moving in and a bottom may be at hand.