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


To: JMarcus who wrote (412)10/17/2003 4:34:21 PM
From: Jibacoa  Read Replies (1) | Respond to of 3722
 
Marc:

AVGN Closed yesterday at 6.73 and today's intra-day H was 6.79 a penny less than yesterday's.

The PSML data at present: 6.50 6.48 6.09 and 5.20

The stock remains on an UPTREN with the P and the averages on the right sequence.

Have to watch for the double top at the 6.80 level, which is now the nearest resistance.After that, as previously mentioned, it has to deal with the resistance from December 9 & 10. On December 9 the price dropped from an intra-day H of 10.33 to close at 7.75 and on December 10 it closed at 6.26 (On Dec.9 the volume was 931K and on Dec.10 598K).Except for September 9,(the day of the recent up-gap)when volume was 607K the volume lately has been less than 150K

The nearest support is at 6.20 and then the M average (6.09 at present).There is better looking support at the 5.85 level (the site of the Sept.15-Sep.16 double top)

I have not been watching things closely,since I have been watching the baseball play offs at nite and have been playing with INGN during the day, in which I took some profits and am planning to buy a few Ks back in anticipation of the presentations on Tuesday and Wednesday next week.

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Bernard