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| 6/04/99 Cephalon (CEPH)
Points to watch: A shorter term trade. Cephalon closed at a 52 week high yesterday of 15 15/16 after breaking out of a 3 day consolidation. Resistance exists at 16 1/8, the stock's 5/12/98 intraday high. Daily momentum is strongly positive. OBV is rising sharply, Money Flow has given a buy confirmation. A break above 16 1/8 would give a strong buy signal, with the next overhead resistance at 19.5-21. Downside support exists at 13.25.
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