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

To: JMarcus who wrote (1272)	7/19/2005 9:51:51 PM
From: Jibacoa	Read Replies (1) \| Respond to of 3722

Hi Marc, Re: STEM It seems to be closing its July 13 upgap. Technically, it didn't make a double top since the H on July 15 was 6.24 and the one on July 18 at 6.19 was 5 pennies short.<g> But there has been a good amount of "profit taking" in the last 2 trading days.<g> However, in spite of that, the stock hasn't broken the nearterm uptrend that started on June 15 from the 4.10 level. The stock closed near to its intraday support of 5.40 and it seems that it will test its nearest support at the 5.34 level tomorrow.If that doesn't hold it could test the nearest one at 4.85 to 4.95 (and closing its July 12 upgap) The July 6 upgap at the 4.65 level was closed the next day when the stock dipped to 4.46 My impression is that it will probably hold at the 4.90 to 4.95 level, but I would wait to buy until it gives some indication that it wants to resume the uptrend.<g> bigcharts.marketwatch.com RAGL Bernard