I got my position early in the morning, the stock broke out with huge volume. It squatted during the day, but it closes quite nicely.
$ARNA Arena Pharma - Approaching a long term resistance level today at $80.00 - anticipating a near term retrace. Unusual Bearish Options Activity - 5k $70.00 strike (OTM) Dec'20 puts traded yesterday vs open interest <250 or 23x OI for over $4M Near term target: $70-$72 range by early November Note: This is NOT investment advice.
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Quarterly Semi-Annual Annual (Values in 000s | USD) Period Ending Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Total Revenue 990 952 617 339 Cost of Revenue 163 133 146 106 Gross Profit 826 819 470 233 Operating Expenses Research and Development 63 0 0 0 Sales, General and Admin. 435 478 679 413 Non-Recurring Items - - - - Other...
Q4 results coming on Tuesday 4:30pm EST ... 3 phase II's this year I am buying $ARNA
Chaps... Arena is now a pipeline company, with three phase 2's this year for now the algos have this until we get see some results and we let loose. JPM update was the golden egg, please see slides for more information (www.sec.gov) Poor $OREX longs never learn, holders now after reading the ARNA CC transcript its like a Rolls Royce to a Ford KA, ARNA has...
Stock insanely undervalued with Belviq and a great board! Biotechs tend to perform well in bear markets. I will create a google drive for company models, so that everyone has access. 1.50 is a great price to buy more if you are already in this GL www.tradingsignalreviews.com
Another biotech... Worth looking at further. www.tradinsignalreviews.com
Today momentum is havy bulish (still wait for Daily Close), and many resitance levels are above 1.95.