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

To: Brander who wrote (31)	5/26/2003 2:46:16 PM
From: Arthur Radley	Read Replies (1) \| Respond to of 240

CORPORATE SNAPSHOT FLAMEL TECHNOLOGIES SA ADR SPONSORED Other Dcipher reports: Analyst Rank The current wave of accumulation has outlasted all overhead resistance from sellers and driven FLML to a new fifty-two week high at 11.200. This preponderance of buying makes the stock one to watch for continued upside momentum. Further demand from investors could bring more new highs. The last trade for FLML was 11.040 on volume of 895,400 shares traded. In the short term, FLML may consolidate briefly before resuming its current uptrend. A Moving Average describes a stock's price trend with respect to a specific time frame. To calculate a 10-day moving average, the closing prices for the most recent ten days are added together and then divided by ten. This renders the Average price of the stock for the most recent ten sessions. By calculating this average daily using only the most recent data, the average "moves" in conjunction with the underlying stock price. The moving average provides a reliable reference for tracking both trends and performance. FLML shows a substantial positive divergence from its 200-day moving average line of more than 75%. Generally, the greater the difference between a stock's price and this important long-term technical indicator, the steeper will be that stock's long-term uptrend. A divergence this large from the 200-day line ranks in the top five percent of the market and is a bullish indication of long-term strength for FLML. A positive divergence of more than 25% from the 50-Day Moving Average Line confirms that FLML has recently been under accumulation. Monitor the stock's performance relative to this significant intermediate term indicator. Some investors would consider FLML somewhat over-extended in its current price range because the stock is trading so far above its 50-day line. If FLML soon falls to profit taking or broader market momentum, as it converges with the 50-day line look for support in that range or a turn upward as indication of strength in its overall trend. FLML has exhibited short-term momentum as implied by its positive divergence from the 10-Day Moving Average Line. Be advised that a pullback or consolidation on profit taking could soon be in order following any additional gains the stock might post in the near-term. If FLML is also above its 50 or 200-day moving average line, this is technical indication of a long-term uptrend for the stock. Monitoring a stock's price in relation to its moving average lines is an effective means of understanding the dynamics of its price trend. When considered with other technical indicators, moving average lines offer powerful insight into price movements. If FLML is below its 50 or 200-day moving average line, the stock has recently been down trending and the break above the 10-day line could be first indication of a possible recovery.