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Sunday, March 28, 2010

ARCA biopharma Inc ABIO - Hot Stock in 2010

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




ARCA biopharma, Inc. (ABIO) 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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