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 : Biotech - Technical Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jibacoa who wrote (313)	4/9/2002 10:12:34 PM
From: Jibacoa	Read Replies (1) \| Respond to of 544

ARIA Had a good up-gap this morning and closed above the 5.35 resistance, which is now a support level.<g> Of course today's up-gap was due to the news that treatment with their AP23573, has the ability to shrink tumors. The only problem is that the study involved only animal subjects, since ARIA has no human trials as yet.<g> siliconinvestor.com It still has to close above the April 2 H (5.72) although it traded above that level today.<g> Actually todays intra-day H of 6.25 was short of the December 10 H of 6.40 which is its next major resistance.<g> siliconinvestor.com The insiders only hold around 6% of the shares and institutions close to 30% with some buying lately. ARIA has continued to lose money but it still has enough for at least two more years at its current burn rate.<g> On a close above 6.40 it seems ARIA could test the resistance from February 2001 at 8.37 and December 2000 at the 8.85 level.<g> siliconinvestor.com Bernard