Will be interesting to see what happens Monday.I think we might...

Will be interesting to see what happens Monday.

I think we might have had the profit taking on Friday and we could see a run up to about $10 on Monday.

Long term I think there's still a lot of upside. Will be very interesting to see the NSCLC Phase II results which should be released soon.

Here's a TA perspective from FN arena


QUOTE
Progen Meets Key Resistance
204 words
13 April 2007
FN Arena
English


Investors who jumped on board the Progen train over the past few months have done well with the shares bouncing off a base at $2.50 to break above $9.00.

Apparently, the last run was inspired by a positive story in the Australian Financial Review.

However, the Wizard observes haw the shares are now approaching key resistance at $9.80. This level should be tested soon, he believes.

If the shares manage to close above this level on a monthly basis, the Wizard believes they could be heading for a test of the stock's long term high at $12.75.

Certainly one to keep an eye on, he thinks.