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ILEX Oncology, Inc. (ILXO) Message Board

  • omniportent omniportent Dec 26, 2000 5:36 PM Flag

    Chart is looking better again...

    If you remember, after the ODAC meeting ILXO's
    chart started looking great. Unfortunately, the market
    downturn ran ILXO off the road starting on the morning of
    December 18th. However, ILXO is now mounting a very strong
    technical turnaround. After bottoming on the 20th, ILXO has
    put in a classic V-shaped reversal. Even better, ILXO
    has closed at its high 3 days in a row!!! That
    indicates very strong momentum.

    As of the close
    today, ILXO just closed above its 9, 13 and 25 day
    moving averages! Very nice. The 50 DMA is at $29. The
    100 DMA is at $30 and the 200 DMA is $31. So, not
    only is ILXO likely to soon challenge those price
    levels (according to the TA), but if ILXO can break
    through any resistance there and close above $31 for a
    couple days, then the 200 DMA should become a new
    support level (the new ground floor -- I hope).

    would be an added bonus if a few institutions wanted to
    grab some ILXO before the end of the year for window
    dressing purposes. We shall see.

    Who dares, wins!