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


To: Sergio H who wrote (9459)7/18/2005 1:58:03 PM
From: Galirayo  Read Replies (1) | Respond to of 23958
 
I bet he'd do it for 2 Cents .. for his 2 cents. ;)



To: Sergio H who wrote (9459)7/18/2005 2:17:01 PM
From: Jibacoa  Read Replies (1) | Respond to of 23958
 
Sergio,

PHRM ?

I have not opinioned on it. I think it was Sal's recommendation.

It seems that it still is on the nearterm uptrend that started on June 16 from the 21 level. The volume that day was above 1.1513M and the H 22.96

The other recent H volume was on July 11 (826.9Ks) and that was also an upday (23.71 to 24.91)

Today it is trying to get over Friday's H of 25.80 but it is finding resistance above 25.50 (the intraday H at 25.69 was at 10.30AM and it got at 25.56 on an attempted rally at 12.37PM)

If it can close above that resistance, it seems it should have no problem in testing its April 26 H at 26.94

The insiders bought some in February & March. The important support is now at 24.20 and then at 23

On the June Q it had a 230% improvement on revenues and earnings were up to $0.13 on the black column vs. the $0.40 loss last year.The EE for 2005 are around $0.45 and expected to go up to around $1.20 in 2006, so things could continue to look good by comparison in the near future.<g>

I think a target around $30 seems reasonable for this year.Or maybe it could hit $35. (Of course the stock is out of my buying range.<g>)

bigcharts.marketwatch.com

RAGL

Bernard