Covance

By Steve Abraham on Apr 21, 2008

Yahoo Profile of CVD: Covance, Inc., a drug development services company, provides early-stage and late-stage product development services primarily to the pharmaceutical, biotechnology, and medical device industries worldwide. This stock has been a big winner in the biotech area. Cramer gave it a buy signal several months ago before the market correction. Technically the stock may be at a crossroads. It has challenged the 200 day MA a couple of times now. The stock I think will remain around current levels until quarterly earnings release on April 28. I’m not sure if I would take a position prior to earnings but I think the report will give a hint as to whether the stock totally breaks its uptrend or we are just in a correction and the stock moves higher from here. Here is the chart.

Covance Per Yahoo Finance, Covance, Inc., a drug development services company, provides early-stage and late-stage product ...

This entry was posted on Monday, April 21st, 2008 at 5:48 pm and is filed under Stock Charts. You can skip to the end and leave a response. Pinging is currently not allowed.

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