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InTheMoney's Commentaries

Jul 30 2010

Two Small Biotechs With Hot Charts To Watch

by InTheMoney
Overall Rating: Average rating is: 0 stars.

ARCA biopharma, Inc. (NASDAQ:ABIO) and Somaxon Pharmaceuticals, Inc. (NASDAQ:SOMX) are on high alert based on their relative price and technical patterns.  Both traded substantially higher not long ago and both have solid bull flag patterns developing on their daily charts.  ARCA biopharma traded as high as $9.23 in late March on great news.  It currently sits at $3.68.  Somaxon Pharmaceuticals traded as high as $10.60 in mid March and now sits at $3.78.  Recent biotech and pharma news has been solid and many have started to wake up and push higher.  These are two that have fantastic charts and are on high alert.

Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com

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