Medimmune Inc (NASDAQ: MEDI) Breaks Below Long Term Support Says Market Timer Frank Kollar.

June 26, 2006 (FinancialWire) (By Frank Kollar)

Shares of Medimmune, Inc. (NASDAQ: MEDI) have been declining since March 30th, and are now off 27% from their 2006 highs. Weakness in the biotech sector has been a factor, but Medimmune’s losses are far greater than most in this sector.

Last week Medimmune said it plans to sell $1 billion in five- and seven-year convertible senior notes. On the day of the announcement shares lost almost 7%. Shareholders are not exactly enamored of this company.

But Medimmune shares have bigger problems ahead. Last week’s losses pushed this stock below a long-term support level at $27.50. Typically when a stock closes below support it reaches the next support. If this is the case, shares of Medimmune could fall to $25.00 a share, another 7% below last Friday’s close.

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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