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


To: Jibacoa who wrote (2393)6/25/2009 12:59:37 PM
From: Jibacoa  Read Replies (1) | Respond to of 3722
 
IMGN was up 7.47% but is up only 5.34% at present.

IMGN has no significant LTD, but has been burning its cash at a good clip and on Tuesday it raised 38M on a public offering.<g>

Volume remains moderate and is still less than half its ADV

The stock has been on an UT since March, but needs to close above its Jun3 H of $8.43 <g>

bigcharts.marketwatch.com

If it can do that, the stock still faces resistance at the $10 level and its Apr2004 H of $12.40 but that last one would be a good % gain from present levels.<g>

bigcharts.marketwatch.com

Bernard