By Tim - http://stockstobuy.org
The following is Arena Pharmaceuticals, Inc. stock technical analysis for September 15, 2010
Arena Pharmaceuticals, Inc. (ARNA) Support & Resistance Levels - 9/15/10
Resistance Levels: $4.50, $5.00
Support Levels: $3.99, $3.96, $3.75
Chart - http://www.stockcharts.com/
Arena Pharmaceuticals, Inc. (ARNA) dropped Tuesday after the FDA said it sees risks in their diet drug. Arena Pharmaceuticals, Inc. is now back trading near the 200 day moving average located at $3.99. If ARNA breaks down through the $3.96 low from Tuesday, we could see a retest of $3.50-$3.75. Arena Pharmaceuticals now has resistance located at $4.50.
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