BATS:ARNA   ARENA PHARMACEUTICALS INC
143 0 0
After months of sideways and downward movement, rolling waves and failed attempts to climb, I think, and it looks, like ARNA             has finally pulled it out. This huge downward wedge helped to squeeze the price of ARNA             into a B/O and climb. MACD has just begun positive divergence along with the best baseline since April             . And the RSI read 64.908, so ARNA             is not yet in overbought territory. I'm not holding a position in ARNA             , but it was on my list of picks to check (just wish I would have seen this 4 days ago when I put it on my list). There is near-term resistance ahead, just over 9.00 but, I think you will definitely see 9.32 soon, out of ARNA             , before it tries to retest the 11.00 mark. Seems like a decent bet, given all the factors, and bio-med and pharma             doing well recently, for under $10. Happy trading
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