Ariad Pharmaceuticals Inc fka ARIA

[Whosetosay]

I'll give my 2 cents on the TA. I note, I'm not the veteran as is IIIman. Just my musings.

The price has entered a trough in the BB's above the BB moving average, with the ends of the bands not signaling a move either way as of yet. The earlier signal referenced by IIIman, imo, referred to ASCO pop. The end caps of upper and lower BB are a key for me. If they continue to tighten, and especially if the bottom forms a small upward "J" or "reverse J" loop, and the top band points into the leading point to of either J shape, then we could move up. Any other shapes are less optimistic. There are no shapes as of today. We did end with a slightly positive doji cross, reflect a slight positive bias to the indecisive trading of the day. The 50 and 200 dma are on a slight collision course, 200 crossing the 50, but it seems quite a log wait away.

Net, a slight positive bias, but we need a few more sessions for the picture to clear.

I can't believe I wrote that, anyway, my 2 cents.