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Biotech / Medical : Biotech & Pharma.T.A, -- Ignore unavailable to you. Want to Upgrade?


To: tuck who wrote (208)1/16/2003 11:39:05 AM
From: Jibacoa  Read Replies (1) | Respond to of 3722
 
AGEN

It seems to have support at 10 and further better looking support at 9.75

First resistance at 11.20 and then 11.75 & 11.85 It needs to close above 11.85 in order to be able to test its Dec.2 H at 12.50. It then has much more stronger looking resistance from its March Hs at the 14.95 to 15.05 level.

The December H at 18.20 and the June H at 21.39 are somewhat far looking at present.<g>

The stock at present gives the impression of having a good chance of closing its January 9 down-gap. (By closing above 11.35)

I don't know why they need to issue that extra 4.5M shares since they seem to have enough cash at their present burn rate. They have a significant short position of more than 26% of the float and institutions that hold about 63% of the float reportedly have been buying.

The PSML data on AGEN at present: 10.86 10.89 10.89 & 10.65 (the fact that the L average is below seems favorable, The P is below the S & the M which are at the same level.<g>)

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RAGL

Bernard