Charts of the Week - 2-03-2009
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Created by barrons3
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Date updated:02-03-2009

Here are some charts of biotech stocks that investors should keep an eye on.

symbol name last price % change open
  • +
  • NPSP
    Nps Pharmaceutica
  • $3.03
  • -3.50%
  • $3.18

NPS Pharma looks like its getting ready to break above a downtrend line which started in November. If this stock can take out $7 and $7.50 it could run up to $9. Considering the NPSP has now broken above both the 50-day and 200-day moving averages the odds are it will.

People owning NPSP also tend to own: AOBBLDPCGNXCRACVTXESLREXAS

TheStreet.com Rating: D- What is this?

  • +
  • DNDN
    Dendreon Corporat
  • $29.37
  • +0.20%
  • $29.00

Although not a pretty chart, shares of DNDN could be finding some long term support at around $3.50 a share. Make note that nothing about this chart is bullish. However, DNDN's previous pattern has been to rally from current price levels.

People owning DNDN also tend to own: ABTAEZSAMRIAVGNBIIBBMYDOW

TheStreet.com Rating: D- What is this?

  • +
  • SIGA
    Siga Technologies
  • $6.94
  • +0.73%
  • $7.05

SIGA Tech is in a very strong up trend. The stock could pullback from current levels, but its worth watching for a break above $4.70 a share. If that happens it could run back to $6 a share.

People owning SIGA also tend to own: ANSWQQQQGROWIVACJDOKONGPACT

TheStreet.com Rating: D What is this?

  • +
  • TCM
    Tongjitang Ch Md
  • $3.95
  • 0.00%
  • $N/A

Decent looking chart here with Tongitang Chinese Medicines. The stock is breaking above previous resistance at $3.30 a share on very heavy volume. Shares of TCM have also traded through the 50-day moving average which is a bullish sign.

People owning TCM also tend to own: BBNDCOHDLBFCXBTUDNDNEMR

TheStreet.com Rating: D What is this?

  • +
  • CRIS
    Curis
  • $2.15
  • -1.83%
  • $2.17

Watch for Curis to break above the 200-day moving average of $1.22 a share. If it takes that level out it could run significantly higher.

People owning CRIS also tend to own: ACORGNVCELNGTWACTC.OBALXNARIA

TheStreet.com Rating: D What is this?

  • +
  • LJPC
    La Jolla Pharmace
  • $0.08
  • 0.00%
  • $N/A

Awesome looking chart here. La Jolla has jumped above the 50-day moving average and the 200-day moving average on very heavy volume. Shares of LJPC look ready to run to $4 a share and its possible this stock is on its way back to $5.50 a share or even higher.

People owning LJPC also tend to own: PFEGTCBICGNPRANPRWAAPLCM

TheStreet.com Rating: E+ What is this?

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