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Category Archives: ARNA
Oct 12: ARNA, UNG, WMT
Arena Pharmaceuticals (NASDAQ: ARNA) just broke the triangle pattern several days ago and moving higher. +ve MACD, Slow STO sign. RSI hold well above 40 which shows strength for the movement.
United States Natural Gas Fund (NYSE: UNG) shows a classic cup and handle pattern. Breakout does not have a significant high volume but still higher than the volume in the declining days. 200MA is turning around. 50-200 crossover earlier this month. Bullish
Wal-Mart Stores, Inc (NYSE: WMT) the chart look very fine, no surprise. Seems there is a strong uptrend. RSI holds well above the level of 50. But mind the turning upside down 50MA.
