Arena Pharmaceuticals (ARNA) Message Board

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Biotech / Medical : Arena Pharmaceuticals (ARNA)

ARNA 99.99

0.0%

Mar 15 5:00 PM EST

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To: wolfgangrene who wrote (1898)

11/6/2013 10:43:10 AM

From: The Ox

Read Replies (4) of 2274

Weak biotech stocks have been getting crushed lately. Many are simply trending down, bouncing back and forth between the lower downtrend lines and upper ones. One I watch a lot is DVAX and it basically is getting pinged back and forth as it reaches support and then ramps into resistance.... Programmed or traders playing the ranges with the basic downtrend lines as guides for their buys and sells, IMO.

EDIT - DVAX has made 5 short trips up and down.....during the past few months.

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