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Biotech / Medical : Duramed (DRMD) Synthetic Estrogen Product -- Ignore unavailable to you. Want to Upgrade?

To: art slott who wrote (682)3/21/1998 11:54:00 PM
From: Mama Bear  Read Replies (1) | Respond to of 1837
 
Well, I read resistance of 7. That's the peak from late September. Can you tell me why you think that intermediate high of 6 3/8 is more important? The price is also awfully extended from the 50 day ema.

Regardless of how you read it, the buying was generated by a story on CNBC, which was basically a rehash of month old news. I believe the odds favor retracement here, but I'll be just as happy to go long if the buying continues.

Barb


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