ARNA Crosses Below Key Moving Average Level

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In trading on Monday, shares of Arena Pharmaceuticals Inc (Symbol: ARNA) crossed below their 200 day moving average of $6.43, changing hands as low as $6.35 per share. Arena Pharmaceuticals Inc shares are currently trading off about 1.4% on the day. The chart below shows the one year performance of ARNA shares, versus its 200 day moving average: Arena Pharmaceuticals Inc 200 Day Moving Average Chart

Looking at the chart above, ARNA's low point in its 52 week range is $4.05 per share, with $9.25 as the 52 week high point - that compares with a last trade of $6.42.

According to the ETF Finder at ETF Channel, ARNA makes up 1.38% of the SPDR S&P Biotech ETF (Symbol: XBI) which is trading lower by about 0.9% on the day Monday.

Click here to find out which 9 other stocks recently crossed below their 200 day moving average »



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas

Referenced Stocks: ARNA , XBI

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