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Arena Pharmaceuticals Rising on Above-Average Volume, Consistent With Trend (ARNA)

Written on Tue, 01/08/2013 - 3:37pm
By Shiri Gupta

The price of Arena Pharmaceuticals shares has climbed to $9.97 (a 8.4% change) on heavy trading volume. Approximately 21.2 million shares have changed hands today vs. average 30-day volume of 6.8 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend is tracking the current trend status for Arena Pharmaceuticals and will alert subscribers who have ARNA in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Arena Pharmaceuticals share prices have been bracketed by a low of $1.54 and a high of $13.50 and are now at $9.53, 519% above that low price. The 200-day and 50-day moving averages have moved 1.47% higher and 0.13% lower over the past week, respectively.

Keywords: unusual volume arena pharmaceuticals

Ticker(s): ARNA

Contact Shiri Gupta



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