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Biotech / Medical : Zonagen (zona) - good buy? -- Ignore unavailable to you. Want to Upgrade?


To: epicure who wrote (4824)7/12/1998 3:08:00 PM
From: Mama Bear  Read Replies (2) | Respond to of 7041
 
X, ZONA is an excellent short right now based on my read of the chart. I see it likely that it will test the 200 day ema. If it breaks out above that and the 50 day just above it, I would cover and look for reentry. I will be looking to enter as close to the 200 day ema (~25 7/8) as possible. Upside risk is about 1/2 a point from there, IMO. Volume seems to be drying up as well.

Barb