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Biotech / Medical : Avian ("Bird") Flu Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Allan Harris who wrote (191)11/22/2005 12:13:09 PM
From: Allan Harris  Read Replies (1) | Respond to of 428
 
SVA, ran from 1.65 to 7.92 between June and October, 2005. Retraced 50% of that move to 4.82 on November 3rd, resting exactly on its 50 day MA. Entire retracement took place on lower volume then prior run-up. SVA has bounced off of that low 20% in the past three trading days. My guess is that it's heading toward old high at the same time that China is moving into the forefront of bird flu disclosures.

SVA did indeed bounce of it's 50 day MA @ 4.80 on Nov 8th and is now in striking distance of it's old high at 7.92.

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