Ariad under heavy accumulation by the institutions, banks, big shots....On a monthly level a bit undecisive--but on a daily, weekly level we are hitting near a . shows lifeline will cross over signal line---some upside to come. Im long on this. But not until it gets to the $16-$16.50 range---then I would go long and cover at $18.00. If the institutions are buying expect some major price manipulation to come....this would be an in and out thing for now as market fear is running high with the fed announcement coming up. Monday should see some intraday upside.
Check out the RSI...there's a negative divergence between it and price...when it was trading at this price earlier in mid June, the RSI value was approximately 40...it's now at the same price level, but the RSI is above 50...indicating that it is even more overvalued and overbought than before, even though price is nearly the same.