ARNA - Break Out http://www.chartspread.com/stockcharts.php/?ticker=arna Arena Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company, engages in discovering, developing, and commercializing oral drugs in the therapeutic areas of cardiovascular, central nervous system, inflammatory, and metabolic diseases.
http://suprastock.blogspot.com/2010/07/first-hour-stock-mover...http://suprastock.blogspot.com/ Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) shares gained 10.09% to $3.38 after the company announced an agreement possibly worth more than $1.3 billion with Japan’s Eisai Inc. to market an obesity drug. Arena will receive an upfront payment of $50 million from Eisai and up to another $90 million in milestone payments for U.S. approval and delivery of the product for sale, the company said.
http://suprastock.blogspot.com/2010/07/percentage-gainers-adc...http://suprastock.blogspot.com/ Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) advanced 9.50% to $4.15 on 5.10 million shares. Over the past 52-weeks, the stock has been trading in the range of $2.70-$5.93. Arena Pharmaceuticals, Inc. (Arena) is a clinical-stage biopharmaceutical company focused on discovering, developing and commercializing oral drugs that target G protein-coupled receptors (GPCRs), in four major therapeutic areas: cardiovascular, central nervous system, inflammatory and metabolic diseases.
http://suprastock.blogspot.com/2010/07/stock-picks-for-tuesda...http://suprastock.blogspot.com/ Shares of Arena Pharmaceuticals (ARNA: 6.18 -0.16 -2.52%) are very bullish with a lot of hot indicators showing up. The slope of the upward move is very steep accompanied by volume. However, as clearly seen on daily chart, the stock needs to take a breather. It cannot sustain a very steep slope forever and looking at the RSI, it has reached the overbought territory in a very sharp upmove. It seems that the breather will happen anytime soon. Things to watch out for tomorrow is the $6.75 level acting as resistance and the gap formed between 6 and 6.21. At this stage, I’m a buyer of ARNA once it breaks through this high. The stock will move quickly and can be very volatile. Watch the stock closely Tuesday and use your stops.
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$4.94 (06/08/09)
