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Biotech / Medical : VVUS: VIVUS INC. (NASDAQ) -- Ignore unavailable to you. Want to Upgrade?


To: betty moyers who wrote (12147)7/26/1998 10:26:00 AM
From: betty moyers  Read Replies (2) | Respond to of 23519
 
Took a long look at the chart today

Printed off a daily picture of VVUS from TC 2000

Did anyone realize that this friday we closed above the 50 moving average line. First time (including the bubble early this month) since the drop in late May. Definate positive momentum indicator. And in a very negative market environment.

We made a double bottome in late June and early Aug. The last 16 trading days form a very nice uptrend. At the pace we are going, even if VVUS hugged the base of the trendline, we will be at 10 before labor day.

The crossover between the longterm downtrend line and the shortterm uptrend line will cross in August around 9. Crossing that line would be another major bullish sign for the stock.