GPC Biotech Upside Capped At EUR12 -Trader
Friday, January 20, 2006 9:26:51 AM ET
Dow Jones Newswires
1305 GMT [Dow Jones] GPC Biotech (GPC.XE) +3.8% at EUR11.52, having reached a new year-high at EUR11.67, as investors show significant buying interest, traders say. The jump above EUR11 has increased the stock's upside momentum, says one trader. But overall the technical picture has not changed much, he notes. Therefore upside potential should be capped at EUR12, and share should fall back again after reaching this peak, he adds. (HAD