ARNA: Coiling...Coiling...Coiling

ARNA still is noodling its way toward the apex of the triangle. There's good news out this morning from VVUS. Their Qnexa obesity trials met main goals, so if it rallies, ARNA could rally in sympathy. The TWICE validated upper trendline comes in today at 4.884, so a print of 4.89 would be a technical breakout of the Symmetrical Triangle.

If it breaks out, first resistance is Purple Data Point #2, at 5.02. Next resistance is Blue Data Point #3, at 5.23.

The MACD, at 0.00984, is slighly above zero, and has pulled back to ju--u-ust above its signal line, which is at 0.00916, so it's in position for a bullish slap shot.