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Gary Johnson L
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My Blog: http://gary-investing.blogspot.com/ Twitter & StockTwits: GaryLee_HK
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  • 1/14: NVDA, ONVO, ARNA 0 comments
    Jan 15, 2013 2:01 AM | about stocks: NVDA, ARNA
    1/14: NVDA, ONVO, ARNA

    Labels: ARNA, NVDA, ONVO

    (click to enlarge)
    Organovo Holdings, Inc. (OTC: ONVO) is an bio-printing company, gaining huge volume and price appreciation recently. Watch for huge action after breaking above $4.00. ONVO is not trading above both 200 and 50 MA. I have no position on ONVO yet but it is on my radar.

    (click to enlarge)
    Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) As I mentioned, broke above a huge ascending triangle last month. ARNA also broke above a flag pattern and closed above $10.00 at $10.20. MA(50) is trending up and should give huge support to ARNA. Absolutely a long candidate and good level for entry now. I have no position on ARNA yet, and will consider initiating one.

    (click to enlarge)
    NVDIA, Corp. (NASDAQ: NVDA) has broken below its rising channel yesterday. Negative MACD and signal line is about to cross below 0. I still long NVDA and will stop out if it closes below $12.00 which is also lower than 50(MA).

    Disclosure: I am long NVDA.

    Themes: Technical Analysis Stocks: NVDA, ARNA
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