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ARNA Charts A Rise, Per Recogina! "Symmetrical Continuation Triangle"

|Includes:Arena Pharmaceuticals, Inc. (ARNA)

For all you charters;

(Recogina November 21 2012)

ARNA Inc forms bullish "Symmetrical Continuation Triangle" chart pattern Nov 21, 2012.

Recognia has detected a "Symmetrical Continuation Triangle (Bullish)" chart pattern formed on ARNA this bullish signal indicates that the stock price may rise from the close of $9.20 to the range of $14.75 - $16.25.

The pattern formed over 105 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.

(Recogina November 21 2012)

Disclosure: I am long ARNA, VVUS.

Stocks: ARNA