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


To: Jibacoa who wrote (2952)7/14/2010 1:43:05 PM
From: Jibacoa  Respond to of 3722
 
MYGN was up 1.285 but it is down 0.06% at present.<g>
Volume is low about 1/5 of its ADV

bigcharts.marketwatch.com

But MYGN seems to have found support at the $14.30 level and may want to test the resistance at $17.25 and even close some of its May 5 DG

MYGN has 4Qs of better revenues, albeit the earnings in the last 2Qs have been lower.<g>
The EE for 2010 & 2011 are around $1.32 & $1.19 vs. $1.38 in 2009
But MYGN has NLTD good +CF and institutional following.
In May it announced that it planned to repurchase $100M worth of its stock.<g>

In spite of the problem with the court decision on the BRCA patents and the recent "downgrade" by an 'analyst' at JPM it seems that the R/R isn't bat at present levels.<g>

bigcharts.marketwatch.com

Bernard