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Biotech / Medical : Arena Pharmaceuticals (ARNA) -- Ignore unavailable to you. Want to Upgrade?

To: wolfgangrene who wrote (2162)1/28/2014 4:28:32 PM
From: The Ox  Read Replies (1) | Respond to of 2274
 
The move from 4 to 8 (roughly) was quick and relatively dramatic for ARNA. Above 8 and there's a lot of overhead resistance to bust through. A dip below $5.50 would be the initial place to go for a longer term trade, IMO.

I would expect this one to be range bound for a while to digest the swift move up but a strong move above 8 could send it off to the races again.



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