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ARNA Still Channeling

BATS:ARNA   Arena Pharmaceuticals, Inc
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$ARNA's gotten a reputation as being pretty respectful of its channel boundaries and it has two well defined pivot points on high and low to watch.

Without a news event to trigger a major move, it could continue to bounce back and forth in here.

Remember though that long term this company is heavily investing in 1 specific drug/area and is pushed by the performance of other companies like VVUS as well as regulatory barriers.

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