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Biotech / Medical : ICOS Corporation -- Ignore unavailable to you. Want to Upgrade?


To: Robert Scott who wrote (652)3/24/1999 10:59:00 AM
From: Edscharp  Read Replies (2) | Respond to of 1139
 
If ICOS is indeed reporting that they have no news to account for the price increase then that pretty much narrows the explanation of this move.

Best guess is that it was a momentum play brought about when a few a large buys broke the $30 resistance mark. Traders "piled on" and moved the stock briefly to $38.

In the absence of any important developments, my guess is the stock will return to the $30-$32 range.