The following is ARCA biopharma, Inc. (ABIO) stock analysis for March 29, 2010
ARCA biopharma, Inc. (ABIO) Support & Resistance Levels - 3/29/10
Resistance Levels: $9.10, $9.23, $10
Support Levels: $8.00, $7.60, $6.90
Support Levels: $8.00, $7.60, $6.90
ARCA biopharma, Inc. (ABIO) is trading flat in pre market due to a negative article out by Adam Feuerstein. This means is you are trading ABIO today, you must keep your stop orders even tighter! The stock exploded on Friday due to the heart patent news released. The stock hit resistance each time it went up into the $9's and then sold off hard in the final 15 minutes of trading. ARCA biopharma, Inc. has resistance starting at $9.10 up to $9.23 and then $10. Support on the downside is located at $7.60, ARCA biopharma breaks below that level, I'd probably bail.
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