MMCLUB

[Naztrader]

LS - NKTR

The Amazing Monkey would like to see more of you than just your old boot. He's getting a little stiffy just thinking about it.



As for NKTR, nothing much happening today from a technical perspective. Perhaps you'd care to shed some additional light on the stock.

TECHNICAL OPINION - NEKTAR THERAPEUTICS (NKTR) - 09/15/2003

Daily Opinion: HOLD
Monday's low volume (52% of average), with little or no movement relative to the open, has no significant technical importance.

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 9.83 which also confirms its Bullish (up) trend. The stock is extremely overbought according to the Stochastic indicator (79.31), so look for a possible pullback.

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

The stock has support at 10.76 and 10.00. If the stock breaks down through support at 10.76 then it will probably continue lower to 10.00. The stock will meet resistance at 14.30 and 16.09. If the stock breaks up through resistance at 14.30 then it will probably continue higher to 16.09. The 200-day moving average is at 8.26. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (85.97), so look for a possible pullback soon.


Regards,



Naz