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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Vendit™ who wrote (4925)	2/13/2005 10:13:31 AM
From: Walkingshadow	Read Replies (1) \| Respond to of 8752

That's interesting.... I played around with that chart some because I started wondering if that recent spike in January was an outlier that was throwing things off. But even when you change the time period in the regression channels, nothing really changes much. ALNY mostly trades in the upper half of the regression channel. So it seems ALNY has an upward bias. I also wondered if that spike in January represents a short squeeze similar to what we saw in SPDV, but that seems very doubtful since there are only 151,000 shares held short. That represents 1.4% of the float, and even if you subtract out the 45% of the float held by insiders, short interest only represents 2.5% of the float, or less than 1 day worth of trading volume. finance.yahoo.com ALNY has been trading less than a year, so chart history is limited. But if you extend the regression channels back to include the entire history of ALNY's trading, here is what it looks like: 139.142.147.218 This setting also shows pretty much the same thing, that ALNY has a preference for the upper half of the regression channel. But the interesting thing here I think is that the midline of the regression channel looks to be close to 7, or maybe a little bit above that. If you switch to a weekly setting, it shows about the same thing, but of interest is the most recent candle: 139.142.147.218 So I think ALNY bears watching, and I'll be looking for an entry as it approaches 7.00. It may not quite get down that far, but we'll see. It will be particularly interesting to me to see if volume picks up as it trades down to that area. T