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Thierry Martin
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  • Technical Analysis And Chart - ARNA Remains One Of The Hottest Stocks On Wall Street 2 comments
    Jun 21, 2012 10:59 AM | about stocks: ARNA
    Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) remains one of the hottest stocks on Wall Street right now making all time highs almost every day. The stock is trading back over all three major moving averages. I like the stock as long as it can continue to close at or over $8. Pullbacks to the 10-day moving average should be a great buying opportunity for a trade. However, I would like to point out that the technical indicators are extremely overbought here, with RSI at 89 and stochastic at 93.

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    Posted by antonioac at
    Stocks: ARNA
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  • carbuffalo
    , contributor
    Comments (3) | Send Message
    Technicals go out the window when fundamentals change significantly.
    21 Jun 2012, 10:17 PM Reply Like
  • Thierry Martin
    , contributor
    Comments (2) | Send Message
    Author’s reply » I would add - fundamentals go out the window when technicals change significantly!
    22 Jun 2012, 09:40 AM Reply Like
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