Arena Pharmaceuticals, Inc. (NASDAQ: ARNA): fell by 7.06% or $-0.23/share in pre-market trading to $3.03. In the past year, the shares have traded as low as $1.21 and as high as $3.47. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $1.94 area where the stock will likely see buying pressure.
SYNNEX Corp. (NYSE: SNX): fell by 9.49% or $-4.14/share in pre-market trading to $39.50. In the past year, the shares have traded as low as $22.56 and as high as $44.25. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $41.02 represents resistance and the 200-day moving average of $32.56 would be an area of support.
Frontline Ltd. (NYSE: FRO): traded higher by 5.70% or $0.4/share in pre-market trading to $7.42. In the past year, the shares have traded as low as $2.52 and as high as $25.09. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $5.69 area where the stock will likely see buying pressure.
Yandex N.V. (NASDAQ: YNDX): traded higher by 3.89% or $0.97/share in pre-market trading to $25.92. In the past year, the shares have traded as low as $16.60 and as high as $42.01. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $22.93 area where the stock will likely see buying pressure.
Medco Health Solutions, Inc. (NYSE: MHS): traded higher by 6.06% or $4.18/share in pre-market trading to $73.17. In the past year, the shares have traded as low as $44.60 and as high as $70.97. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $65.99 area where the stock will likely see buying pressure.
