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Biotech / Medical : Centocor ( CNTO ) -- Ignore unavailable to you. Want to Upgrade?

To: Henry Niman who wrote (849)	11/24/1998 1:11:00 PM
From: Bwe	Read Replies (3) \| Respond to of 965

CNTO broke minor support by way of the Bearish Support Line (bsl) which was at $43. Important longer term support from the Bullish Support Line (BSL) is at $40. The stock has done a drastic about face on it's RS chart as the poor action over the past few trading days has almost caused a reversal into a down column on it's RS chart. The p&f chart looks to be calling the stock a Hold at this point unless you know something about the fundamentals that implies that the recent price action is an over-reaction. Should the stock hold support at $40, then the first 3 box reversal off the bottom is likely a good trading opportunity for a potential move to $50. For right now, $40 is a key support level. Best of luck to all. Bruce