MMCLUB

[Naztrader]

Star - VXGN, ADL & ILA

The story of the morning is VXGN. As I indicated on Friday, the stock made a technical breakout by closing above the $6.50 level. Chart says VXGN is headed to double digits. Certainly the news out late Friday has been a catalyst.

TECHNICAL OPINION - VAXGEN INC (VXGN) - 09/15/2003

Daily Opinion: BUY
Monday's very Bullish (up) move, forming a recent high, is accompanied by huge volume (363% of average), suggesting a continuation to further new highs. This is generally a very bullish sign.

Short-Term Opinion: OUTPERFORM
On a short-term technical basis, the trend is Bullish (up) and the stock is above its 50-day moving average at 4.60 which also confirms its Bullish (up) trend. The stock is slightly overbought according to the Stochastic indicator (72.88).

Long Term Opinion: HOLD
On a long-term technical basis, the stock (VXGN) is trading below its 200-day moving average which implies it is in a negative trend.

The stock has support at 6.25 and 5.85. If the stock breaks down through support at 6.25 then it will probably continue lower to 5.85. The stock has resistance at 7.74 and at 12.80. If the stock breaks up through resistance at 7.74 then it will probably continue higher to 12.80. The 200-day moving average is at 7.74. This will also act as resistance. The stock has broken out of its long-term downtrend and is looking more positive recently. If the stock can form new support above 6.25 look for a rally to previous highs. The stock is extremely overbought according to the Stochastic Indicator (77.46).

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ADL news this morning has caused a pullback. Still like its long term prospects.

http://biz.yahoo.com/prnews/030915/lam068_1.html

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ILA trading well, but getting pretty stretched on the s.t. and l.t. stochs. Will look for a pullback near term to add the other 1/2 of my position:

TECHNICAL OPINION - Aquila Inc. (ILA) - 09/15/2003

Daily Opinion: HOLD
Monday's Bullish (up) move, forming a recent high, is accompanied by above average (120% of average) volume.

Short-Term Opinion: HOLD
On a short-term technical basis, the trend is Bullish (up) and the stock is above its 50-day moving average at 2.50 which also confirms its Bullish (up) trend. The stock is extremely overbought according to the Stochastic indicator (92.98).

Long Term Opinion: OUTPERFORM
On a long-term technical basis, the stock (ILA) is trading above its 200-day moving average which implies it is in a positive trend.

The stock has support at 3.22 and 2.95. If the stock breaks down through support at 3.22 then it will probably continue lower to 2.95. The stock has resistance at 5.25. The 200-day moving average is at 2.21. This will also act as support. The stock has broken out of its long-term downtrend and is looking more positive recently. If the stock can form new support above 3.22 look for a rally to previous highs. The stock is extremely overbought according to the Stochastic Indicator (93.44).



Good luck.



Regards,



Naz