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Healthcare

Arena Pharmaceuticals (ARNA) : Possible Bullish Breakout

After consolidating in the $3 range, the Ichimoku chart for ARNA is showing a possible bullish cross from the Tenkan sen and Kijun sen.

From the chart, we can see that the Tenkan sen is about to cross the Kijun sen.

The price level is also about the same as the flatten level of the leading kumo. In other words, it is not difficult to breakthrough assuming the broader market is bullish as well.