Ariad Pharmaceuticals

The chart leaves the upper end of bollinger bandwith (BB) as BB widens. The Keltner Channels rises sharply. So does the 50 day EMA . It is time that the charts tests the 50 day EMA again - the first time since July. Lately the chart rocketed exponantially. Time to take a breather for ARIA. The best which could happen is a movement sideways. Disclosure: This is not a buy recommendation. This is an example of a possible trade I would/could make responsible for my own account. I am using as a forum to post my ideas about possible trades and learn from the ideas of others. Please comment my opinion and discuss with me this trade possibility. I am not a financial advisor or an analyst. I am not responsible for your losses even if you follow my ideas. The decision about setting an order into the market is in your own responsibility, so are you responsible for your losses resulting from your trades.

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