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Biotech / Medical : Sepracor-Looks very promising -- Ignore unavailable to you. Want to Upgrade?


To: Bob Swift who wrote (973)7/7/1998 6:01:00 PM
From: M. Ramle  Read Replies (1) | Respond to of 10280
 
Bob:

I would take today's drop of a 1/4 pt. as strictly a breather. Don't forget we have gone up almost 7 1/2 pts. in just four days. All you have to do is take a good look at the 100-day chart, which in my opinion, looks very promising and I would project a target of $55-57 within the next few weeks. It is almost certain that when a stock breaks out of a consolidating base, it almost always comes back to test the previous high, which in this case sits around $47 before it continues with it's ascending triangle (higher highs and higher lows).

You will also notice that the # of Funds in SEPR has also increased lately from (64) to (75) as of yesterday's close, which should give it good support.

Anyway, GOOD LUCK TO ALL.

Mazen