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Thursday, April 12, 2007 

Hot stock of the day - MEDI

Chart courtesy of stockchart

Shares of MEDI rose today more 15% to 43.63$ after reached a new 52-week high of 43.77$. This movement occured after company said today that it is willing to consider takeover offers, reversing its stand against a sale because of interest from big pharmaceutical companies and investor unhappiness with the company's performance. The company has a market capitalization of nearly $9 billion and posted $1.28 billion in revenue last year. MedImmune, is a biotechnology company, engages in the development, manufacture, and commercialization of products for prevention and treatment in therapeutic areas of infectious diseases, inflammatory diseases, and cancer in the United States.

Chart courtesy of stockchart

Shares of Charles River was up 0.42% to 47.60, stock is now near to break out above resistance 47.62$, however stock is in Overbought conditions that probably will limit the movement now. Keep an eye for a possible break out.

Chart courtesy of stockchart

Keep an eye on Westell Tech for possible break out over 2.55$

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all. Have a nice evening !!!

AC

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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