• 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.
  • user warning: Table './fnndrupaldev/sessions' is marked as crashed and last (automatic?) repair failed query: SELECT COUNT(sid) AS count FROM sessions WHERE timestamp >= 1418901279 AND uid = 0 in /var/www/www.fnno.com/htdocs/includes/session.inc on line 111.
  • user warning: Table './fnndrupaldev/sessions' is marked as crashed and last (automatic?) repair failed query: SELECT DISTINCT u.uid, u.name, s.timestamp FROM users u INNER JOIN sessions s ON u.uid = s.uid WHERE s.timestamp >= 1418901279 AND s.uid > 0 ORDER BY s.timestamp DESC in /var/www/www.fnno.com/htdocs/modules/user/user.module on line 765.

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 ViewPoint Financial Fall to a ...

ViewPoint Financial (NASDAQ:VPFG) traded today at a new 52-week low of $21.11. This ne ...

Shares of UQM Technologies Have Fallen B...

Shares of UQM Technologies (AMEX:UQM) traded at a new 52-week low today of $0.86. Appr ...

Shares of Terex Have Fallen Below Previo...

Shares of Terex (NYSE:TEX) traded at a new 52-week low today of $25.40. So far today a ...

Sun Communities: The Winning Streak Cont...

Shares of Sun Communities (NYSE:SUI) traded at a new 52-week high today of $60.92. So ...

Watch for Continued Losses in Shares of ...

Renesola (NYSE:SOL) traded today at a new 52-week low of $1.21. Approximately 1.1 mill ...

Solera Holdings Looks to Continue to Tra...

Solera Holdings (NYSE:SLH) traded today at a new 52-week low of $45.69. Approximately ...

SAIFUN SEMICONDUCTOR Looks to Continue t...

SAIFUN SEMICONDUCTOR (NASDAQ:SFUN) traded today at a new 52-week low of $6.78. So far ...

Shares of Select Comfort Rise Above Prev...

Shares of Select Comfort (NASDAQ:SCSS) traded at a new 52-week high today of $27.13. T ...