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: JMarcus who wrote (354)	4/21/2002 12:04:55 AM
From: Jibacoa	Read Replies (1) \| Respond to of 544

Looking at the charts of some of the Biotech Stocks that Morningstar analysts feel are undervalued: CRA BMY LLY FHCC ICOS SGP and WAT biz.yahoo.com CRA First resistance at 21.37 and then at the February 13 H of 23.35 siliconinvestor.com BMY May have bottomed at its April 12 L of 30.25 and seems to be getting ready to close the down-gap of April 4 at the 34 level, before it can close its larger down-gap of March 20 at the 45 level.<g> siliconinvestor.com LLY May have bottomed at the 72.10 level, but it looks as it wants to retest it.<g> Has resistance at the April 15 H near the 77 level and then at the April 5 of 76.89 before it can test the April 2 H at 78.90.<g> siliconinvestor.com FHCC THe best looking of the group.<g> Had an up-gap on April 17 and the support is now at 26.70 provided that it doesn't close the down-gap.<g>Resistance is at The April 18 H of 29.40 and then at the September H of 29.75 and the August H of 30.40. If it can do that it will be a NEW HIGH.<g> siliconinvestor.com ICOS Seems to have good support at its April 8 L of 38.61.<g> It seems ready to test resistance at the 46.80 level and then it March 19 H at 52.24 before it could test its December resistance at the 60 to 64 level.<g> siliconinvestor.com SGP Seems to have bottomed at the April 9- April 10 double bottom at the 27.70 level.<g> The nearest resistance is now at 30.75 and then the 32.50 before it can test the March 7 H at 36.25 siliconinvestor.com WAT It seems it has made a good double bottom with its March 1 and April 11 Ls at the 25 level.<g> Resistance is now at the 30 level and then at the March 14 H of 34.35 but the chart will look much better when the stock can close above its February 13 H of 36.75.<g> siliconinvestor.com I am not long on any of them, in general they are too expensive for my taste.<g> But if I were to chose one, I would go with FHCC.<g> Bernard