Technical Analysis of Financial Markets

Wednesday, November 15, 2006

Nektar Therapeutics - (NKTR)

Biopharmaceutical and drug delivery technologies company Nektar Therapeutics has been declining for seven months losing some 80% in stock price. The decline is much correlated with the delay in launching insulin inhaled drug Exubera managed by marketing partner Pfizer. However, a recent breakout of the downtrend occurring three trading sessions ago may signal the beginning of a trend-reversal.

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