MEDI in focus
Thursday, April 12, 2007

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

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.

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.

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posted by Pro Investor Trader at 3:48 PM | Permalink


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