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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (9443)	7/18/2005 1:05:36 PM
From: Jibacoa	Read Replies (3) \| Respond to of 23958

Ray, ELN's resistance is now at 7.55 and it seems it may be able to get above that today.<g>(While I was typing it got as high as 7.63 and the new resistance is now at 7.65 and support at 7.60<g>) Support at 7.50 and then at 7.45 <g> The stock needs to close above its June 9 H of 7.96 before it can test its May 26 H of 8.42 If it can do that it may start thinking on closing some of its February 28 downgap above the 9.76 level.<g> As you remember, Feb.28 was whe they announced that Biogen was doing a recall on Tysabri after one patient died while taking it for more than two years with Avonex.There was also another patient suspected of developing PML. The stock is up more than 2.7% and volume is above 3.78M bigcharts.marketwatch.com ELN Reportedly has around $3.55 in cash/shr but has a rather large LTD and its Debt/Equit is around 24.8 Part of the question is wether Tysabri will be able to make a comeback.<g> Bernard