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Biotech / Medical : Novacare (NOV) breaking out... -- Ignore unavailable to you. Want to Upgrade?

To: E. Graphs who wrote (163)	11/6/1997 8:37:00 PM
From: Todd D. Wiener	Read Replies (1) \| Respond to of 420

I'm very curious as to why the stock has been fading. It's off about 30% from its high. I agree that the quarterly report for the rehab business was disappointing, but estimates were met. Much of the volume came from a 700,000 share block in the morning. NOV has certainly broken its uptrend and 200-day MA, but it's entering a critical support area around $12.38. The IPO of NCES tomorrow should increase the value of NOV, not decrease it. I don't know what the problem is. Todd