By Tim - http://stockstobuy.org
The following is Arena Pharmaceuticals, Inc. stock technical analysis for September 17, 2010
Arena Pharmaceuticals, Inc. (ARNA) Support & Resistance Levels - 9/17/10
Resistance Levels: $3.00
Support Levels: $2.00, $1.60, $1.50
Chart - http://www.stockcharts.com/
Arena Pharmaceuticals, Inc. (ARNA) is trading around $2.10 in pre market this morning. The FDA failed to approve Arena Pharmaceuticals diet drug which caused the stock to fall drastically on Thursday night. Arena Pharmaceuticals, Inc. has support at $2.00 per share so if you are feeling risky, you can jump in here with a stop located at $2.00. If Arena Pharmaceuticals, Inc. drops below $2.00, there is a risk it could see $1.60 or lower.
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