Technical Analysis on Arena Pharmaceuticals Inc. and ARIAD
Pharmaceuticals Inc. - Biotech Momentum Slowing
NEW YORK, NY -- (Marketwire) -- 11/07/12 -- Biotechnology companies
are performing well as a whole at the moment but a variety of factors
threaten to undo the industry's momentum. Technological turnover,
competitive pressure and the need to get new products to market are
all making it difficult to widen margins. Players in the Biotech
space like Arena Pharmaceuticals Inc. and ARIAD Pharmaceuticals Inc.
are contending admirably with these headwinds at the moment though.
StBulls.com has initiated technical analysis on Arena Pharmaceuticals
Inc. (NASDAQ: ARNA) and ARIAD Pharmaceuticals Inc. (NASDAQ: ARIA)
which serves the Biotechnology industry. These reports are free upon
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The trouble created by technological turnover is most evident in the
diagnostic side of the industry. Not only are new products coming out
at a faster rate but they are also able to complete tasks at a
fraction of the cost of the previous generation.
Competitive threats and the need to get new drugs to market are more
of a factor in the drug side of the industry. Acquisition activity
remains strong as many companies look to quickly expand their
portfolio of offerings and stave off generic competition. Investors
may want to take a closer look at biotech firms successfully getting
drugs through trials for the best long-term growth prospects. Read
for technical analysis on Arena Pharmaceuticals Inc. and ARIAD
Pharmaceuticals Inc. at
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