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Friday, September 17, 2010

Arena Pharmaceuticals, Inc ARNA Stock Analysis - 9/17/10

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

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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