ABI

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ABI(nyse) - Applera Corp-Applied Biosystems Group

Mkt Cap:              5.89B
Float:                184.11M

Profile:  Applera Corporation is a life sciences company with a mission to improve human health and society by understanding and applying the power of biology to develop breakthrough research technologies, diagnostic products, and drugs to improve the human condition. Applera Corporation consists of two business groups -- the Applied Biosystems group and the Celera Genomics group.

The Applied Biosystems Group (NYSE: ABI) serves the life science industry and research community by developing and marketing instrument-based systems, consumables, software, and services. Customers use these tools to analyze nucleic acids (DNA and RNA), small molecules, and proteins to make scientific discoveries, develop new pharmaceuticals, and conduct standardized testing.

The Celera Genomics Group (NYSE: CRA) is focused on discovery, development, and commercialization of diagnostic products as well as leveraging its proteomic, bioinformatic, and genomic capabilities to identify and validate drug targets, and is also seeking to advance therapeutic antibody and selected small molecule drug programs in collaboration with global technology and market leaders.

Applera Corporation has two classes of stock, Applera-Applied Biosystems stock and Applera-Celera Genomics stock. Applera-Applied Biosystems stock is listed on the New York Stock Exchange under the ticker symbol "ABI" and is intended to reflect the relative performance of the Applied Biosystems Group. Applera-Celera Genomics stock is listed on the New York Stock Exchange under the ticker symbol "CRA" and is intended to reflect the relative performance of the Celera Genomics Group. Investors commonly refer to these types of securities as "tracking" or "letter" stocks. There is no single security that represents the performance of Applera Corporation as a whole.

Holders of Applera-Applied Biosystems stock and Applera-Celera stock are stockholders of Applera. Applied Biosystems and Celera Genomics are not separate legal entities, and holders of these stocks are stockholders of a single company, Applera. As a result, holders of these stocks are subject to all of the risks associated with an investment in Applera and all of its businesses, assets, and liabilities.

Company Website[/url]


What makes this stock "On Fire"?

Solid earnings and revenue growth coupled with a powerful technical signal.  Its sister company CRA is also rising on strong volume.




ABI has 2 upgrades(outperform) and 1(buy)initiate this year.  On these bigger cap stocks its nice to hear the analysts on the long side.  Upgrades[/url]


Technicals
ABI has an ascending channel breakout on above average volume.  The stock is climbing from a well formed 3 yr base.  Moving averages are sloping upwards and are all below offering support.

All History Chart  



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3-year weekly  


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7-month  



We will buy ABI on Tuesday 6/27

[eliteG]

update ABI:

We bought ABI and it continued moving higher  .. keep it up!


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Position: bought ABI @ 31.83 on 06/27/2006
Order: Hold
Exit: ] stop @ 29.24
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[eliteG]

update ABI:

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Position: bought ABI @ 31.83 on 06/27/2006
Order: Hold
Exit: stop @ 29.24
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[eliteG]

update ABI:

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Position: bought ABI @ 31.83 on 06/27/2006
Order: Hold
Exit: stop @ 29.24
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[eliteG]

update ABI:

Great bounce off channel support.. lets move our stop higher 

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Position: bought ABI @ 31.83 on 06/27/2006
Order: Hold
Exit: stop @ 30.92
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[eliteG]

update ABI:

Continue to move stops tighter. 

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Position: bought ABI @ 31.83 on 06/27/2006
Order: Hold
Exit: stop @ 31.40
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