Ariad Pharmaceuticals Inc fka ARIA

[JJM760]

I'm not a hard core technician, but there seems to be a definite pattern of pull-backs when the RSI goes above 80 (that's true for almost all stocks so I am not saying anything shocking here). I am not trading Aria, it's my core holding so it doesn't really matter to me. I think a pullback to the 7.50 area should do the trick (and would be healthy). I may be wrong, but that's just my feeling having watched this company for a long time.

There are others here who could give a better answer. That's why I posted, to get a little feedback.

FWIW, I am staying long into what I believe will be a nice run pre NDA for Pona. I am thinking $20 is reasonable by that time (hopefully a little more than 1 year from today).

GLTA