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Biotech / Medical : Ligand (LGND) Breakout! -- Ignore unavailable to you. Want to Upgrade?

To: J Stone who wrote (13886)1/29/1998 2:52:00 PM
From: Doug Baer  Read Replies (1) | Respond to of 32384
 
i talked with IR today.

got a very cheerful response.

they know of no reason why the stock has floundered lately.

LGND profitability anticipated in 1999 (as stated by others previously).

--db



To: J Stone who wrote (13886)1/30/1998 3:18:00 AM
From: Scusami  Read Replies (3) | Respond to of 32384
 
JS:

LGND TA for 1-29-98

LGND vs. AMEX BTK:
LGND has performed 7% worse than the BTK with respect to their mean values.

Daily pt. and figure chart: LGND could go down to 10 on Friday 1-30-97. I would consider anything that low to be a buying opportunity from both trading and long term points of view.

Daily charts:
closed at 11
10DMA = 11.96, 50DMA = 12.86, 200DMA = 13.50
Bollinger Bands: UVB = 12 43/64, LVB = 11 15/64, hence oversold
MACD - trending lower
Volume Accumulation - been negative since late Oct.
Rate of change (ROC) - trending lower
Directional Movement Indicator (DMI) - bearish, trending lower
Rel. strength (RSI) = 27
Stochastics - nearing bottom area
Wms %R = 93 (buy area)
Granville OBV - trending lower

Weekly chart:
MACD - turned lower today, but has been in negative territory since Nov.
Vol Accum. - stock still being distributed
ROC - negative

Conclusions:
Hard to say what to expect. Charts don't show any sign of bottoming as yet. My gut feeling is that it should find support around 10 to 10 1/2. Buy a lot if it gets to 9 3/4!
Expectations for LGND must have worsened with this recent diabetic inhaler news. That's probably why the stock has taken the recent hit.

Scusami



To: J Stone who wrote (13886)1/30/1998 9:38:00 AM
From: Henry Niman  Respond to of 32384
 
Jeff, I'm not sure if its technical or LGND received a mention on the Canadian show on new diabetes treatments, but the ask has already moved to 11 1/4 this morning.

Anyone see the Canadian show. I didn't watch, but assume that the Nightline segment was pre-empted.



To: J Stone who wrote (13886)1/30/1998 10:02:00 AM
From: tonyt  Respond to of 32384
 
Is this a true recovery at 11 1/4? (...or just another false 'breakout'?)


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