Bullish Two Hundred Day Moving Average Cross - ARNA

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In trading on Wednesday, shares of Arena Pharmaceuticals Inc (Symbol: ARNA) crossed above their 200 day moving average of $6.05, changing hands as high as $6.25 per share. Arena Pharmaceuticals Inc shares are currently trading up about 3.7% 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 $9.05 as the 52 week high point - that compares with a last trade of $6.15.

According to the ETF Finder at ETF Channel, ARNA makes up 2.38% of the PowerShares Dynamic Biotechnology & Genome Portfolio ETF (Symbol: PBE) which is trading higher by about 0.6% on the day Wednesday.

Click here to find out which 9 other stocks recently crossed above 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 , PBE

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