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Monday, March 26, 2012

Gains In Healthcare Sector For The Day (SIGA) (ARNA) (THLD) (GTXI) (XOMA)

SIGA Technologies, Inc. (NASDAQ: SIGA): traded higher by 27.03% or $0.7297/share to $3.43. In the past year, the shares have traded as low as $1.78 and as high as $15.40. On average, 484495 shares of SIGA exchange hands on a given day and today's volume is recorded at 2113192. 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 $3.06 area where the stock will likely see buying pressure.

Arena Pharmaceuticals (NASDAQ: ARNA): traded higher by 28.01% or $0.675/share to $3.08. In the past year, the shares have traded as low as $1.21 and as high as $2.62. On average, 4795140 shares of ARNA exchange hands on a given day and today's volume is recorded at 48170452. 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 $1.88 area where the stock will likely see buying pressure.

Threshold Pharmaceuticals (NASDAQ: THLD): traded higher by 15.01% or $1.102/share to $8.44. In the past year, the shares have traded as low as $1.18 and as high as $7.61. On average, 3008280 shares of THLD exchange hands on a given day and today's volume is recorded at 5453509. 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 $5.19 area where the stock will likely see buying pressure.

GTx, Inc. (NASDAQ: GTXI): traded higher by 8.09% or $0.28/share to $3.74. In the past year, the shares have traded as low as $2.34 and as high as $6.86. On average, 657980 shares of GTXI exchange hands on a given day and today's volume is recorded at 445258. 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 $4.26 represents resistance and the 200-day moving average of $3.73 would be an area of support.

XOMA Corporation (NASDAQ: XOMA): traded higher by 7.31% or $0.16/share to $2.35. In the past year, the shares have traded as low as $1.04 and as high as $3.49. On average, 700334 shares of XOMA exchange hands on a given day and today's volume is recorded at 505923. 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 $1.74 area where the stock will likely see buying pressure.