fwiw... the charts are set up for news any day now... by that i mean we are in equalibrium... Low volume, moving avgs are all close together. All things equal, we have a very stable $3.50 price (supply = demand). The good news for now is that the moving avgs are trending upward and bullish, so that is very helpful.
I dont know exactly what news ARIAD investors are expecting (updates on drug data and trials?)
But if you all think we should be hearing something soon... before the end of Q3, we should get some news next week. By the charts, that would make sense to me.
As for the rest of the day... it would be nice to see some buying interest and a $3.60s price for the close, but this is not a must. It could happen monday or tuesday (as long as we dont start to slip under 3.50 to far with large volume dumping).
If that happens I think we will be heading back to low $3s for more consolidation. I hope not tho! It does look like the 50/100dma will cross over on monday, they are about equal today. Looking for 50 to rise above the 100 @ $3.40s.
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