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

To: Galirayo who wrote (623)	1/16/2005 11:05:47 PM
From: Jibacoa	Read Replies (1) \| Respond to of 3722

[TELK] It's ready to do something. I just don't have a clue yet which way it will go. Neither do I <g> But have to take into account that the stock had been on a near term down trend since Dec.17 which was the day of the heaviest recent volume (4,544,522) and that was a down day. Before that the heaviest volume was the 6,279,913 traded on June 7 which was also a down day and started a down trend that lasted for several weeks (until Aug.17) The recent down trend was broken on Jan.10 but the stock has significant resistance at the 19.45 level before it can test the Dec.15 H at 21.24 and Nov.17 H at 22.05 (The Oct. 4 H at 24.08 looks somewhat far at present.<g>) bigcharts.marketwatch.com The insiders reportedly have been doing some buying lately and there seems to be support at the 17.40 and if that fails, the 15 level. Bernard