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Gary Johnson L
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  • Oct 12: ARNA, UNG, WMT 0 comments
    Oct 12, 2012 7:46 PM | about stocks: WMT, UNG, ARNA
    Oct 12: ARNA, UNG, WMT

    (click to enlarge)

    Arena Pharmaceuticals (NASDAQ: ARNA) just broke the triangle pattern several days ago and moving higher. +ve MACD, Slow STO sign. RSI hold well above 40 which shows strength for the movement.

    (click to enlarge)

    United States Natural Gas Fund (NYSE: UNG) shows a classic cup and handle pattern. Breakout does not have a significant high volume but still higher than the volume in the declining days. 200MA is turning around. 50-200 crossover earlier this month. Bullish

    (click to enlarge)

    Wal-Mart Stores, Inc (NYSE: WMT) the chart look very fine, no surprise. Seems there is a strong uptrend. RSI holds well above the level of 50. But mind the turning upside down 50MA.

    You can also visit my new blog at for more stock analysis

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: WMT, UNG, ARNA
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