Invitrogen Corporation (NASDAQ: IVGN) On The Edge Says Market Timer Frank Kollar.

June 9, 2006 (FinancialWire) (By Frank Kollar)

Shares of Invitrogen Corporation (AMEX: IVGN), the developer, manufacturer and marketer of research tools to customers engaged in life sciences research, drug discovery, diagnostics and the commercial manufacture of biological products, have suffered over the past several months due to a weak biotech sector.

But since October 2005, share prices have held above a strong support level at $62.00. In fact, that support has been tested four times in the last seven months. Invitrogen appears headed for a fifth test.

This level is important for several reasons. First, any level that stops falling share prices four times over a seven-month period is a major support level. But this is also a Fib 61.8% retracement level, which means every Fib trader who follows Invitrogen will be watching it.

Should Invitrogen make a decisive close below $62.00 a share, shares could easily decline to $56.58, the next support level. At the same time, another reversal from support could result in a nice tradable rally for swing traders.

Frank Kollar has been timing the financial markets since 1982, with online service since 1996. He is a dedicated trend timer and his strategies exited the markets before the crash in 1987 as well as the bear market in 2000 through 2002. During the 2000-2002 bear market, his bearish positions resulted in gains exceeding 100 percent, all achieved by trading trends.

Kollar’s research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.

Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.

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