Yes, ARNA has been doing well lately.<g>
It was up 5.39% on Friday, on a volume of almost 1.6 millions.
And for the week it was up 14,92% on a volume of 8.176millions.
But its largest daily spike for the week was on Thursday,
when it opened with a GOOD Up-Gap after announcing its deal with United Therapeutics,
for out-licensing the global rights to ralinepag,its late stage candidate for the treatment of Pulmonary Arterial Hypertension.
ARNA is eligible to receive up to $1.2 billion including an upfront payment of $800 millions, and potential milestone up to $400 millions, not bad.<g>
And on Friday, Todd Campbell, from the Motley Fool,had ARNA together with XLRN and BLUE, as his 3 best picks to buy at present.<g>
finance.yahoo.com
The analysts consensus target for ARNA reportedly is around 62,
but it first needs to close above its June High of 50,05 <g>
However, with some good news, I won't be surprised if it could get to retest its Jan2013 H at 110,
or even its June2012 H at 135 <g>
elite.finviz.com
The January 206 H of 206.76 is too far away, and it doesn't even show on Finviz Monthly charts,
but if you don;t remember it, you may be able to look it up at StockCharts, provided that you have the capacity to look that far back.<g>
RAGL,
Bernard |
