02/07/00 Medimmune Inc (MEDI)
Points to watch: Medimmune
fell 13.56 on Friday to close at 129.44, near its low for the day.
The stock has now fallen back to the strong support band that exists from
124.3 (the 50% retracement of MEDI's October-January rally) to 132.1.
On
Friday, daily MACD gave a sell signal and the stock closed below its
55-day moving average for the first time since it crossed above it on
November 17th. Daily OBV turned down on January 26th, and both daily
and weekly RSI and stochastics have turned down.
A
sell short signal would be given if the stock fails to hold the lower end
of support at 124.3, with downside support after a break at 112, 106,
97.5, and 89.7. Resistance is at 133 and 146.2.
