user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 465019 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Arena Pharmaceuticals Crosses Above its 10-day MA (ARNA)

Published on Fri, 03/22/2013 - 11:14
By Peter Chu

Arena Pharmaceuticals (NASDAQ:ARNA) shares have crossed bullishly above their 10-day moving average of $8.07 on a volume of 4.7 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

There is potential upside of 11.4% for shares of Arena Pharmaceuticals based on a current price of $8.26 and an average consensus analyst price target of $9.20. The stock should run into initial resistance at its 50-day moving average (MA) of $8.64 and subsequent resistance at its 200-day MA of $8.81.

Arena Pharmaceuticals, Inc. is a biotechnology company that has developed a receptor-based screening assay using their own CART technology.

Arena Pharmaceuticals share prices have moved between a 52-week high of $13.50 and a 52-week low of $1.77 and are now trading 367% above that low price at $8.26 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 1.4%.

By Peter Chu
pchu@fnno.com

Latest News from FNNO

Shares of United Therapeutics Have Risen...

United Therapeutics (NASDAQ:UTHR) traded at a new 52-week high today of $119.06. So fa ...

Shares of United Rentals Rise to a New 5...

United Rentals (NYSE:URI) traded today at a new 52-week high of $119.50. So far today ...

Union Pacific Looks to Continue to Trade...

Shares of Union Pacific (NYSE:UNP) traded today at $106.55, breaking its 52-week high. ...

Unum Group Looks to Continue to Trade Ab...

Shares of Unum Group (NYSE:UNM) traded today at $36.75, breaking its 52-week high. Thi ...

Watch for Continued Gains in Shares of U...

Shares of United Bankshares (NASDAQ:UBSI) traded at a new 52-week high today of $33.55. ...

Watch for Continued Gains in Shares of T...

Tata Motors (NYSE:TTM) traded at a new 52-week high today of $48.64. This new high was ...

Shares of Tesla Motors Inc Rise Above Pr...

Tesla Motors Inc (NASDAQ:TSLA) traded today at a new 52-week high of $284.89. This new ...

Trinity Industries: The Winning Streak C...

Trinity Industries (NYSE:TRN) traded at a new 52-week high today of $49.65. This new h ...