ARNA Still Channeling
ARNA's gotten a reputation as being pretty respectful of its channel boundaries and it has two well defined pivot points on high and low to watch.Without a news event to trigger a major move, it could continue to bounce back and forth in here.
Remember though that long term this company is heavily investing in 1 specific drug/area and is pushed by the performance of other companies like VVUS as well as regulatory barriers.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.