Arena Pharmaceuticals, Inc. (NASDAQ: ARNA): traded higher by 16.60% or $0.4/share to $2.81. 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 6023763. 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.
Cornerstone OnDemand Inc. (NASDAQ: CSOD): traded higher by 6.52% or $1.3399/share to $21.89. In the past year, the shares have traded as low as $11.50 and as high as $23.50. On average, 272323 shares of CSOD exchange hands on a given day and today's volume is recorded at 129790. 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 $19.92 area where the stock will likely see buying pressure.
Polycom, Inc. (NASDAQ: PLCM): traded higher by 6.40% or $1.24/share to $20.63. In the past year, the shares have traded as low as $14.45 and as high as $34.30. On average, 2601140 shares of PLCM exchange hands on a given day and today's volume is recorded at 230065. 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 $20.14 area where the stock will likely see buying pressure.
Nevsun Resources Ltd. (AMEX: NSU): traded higher by 6.21% or $0.22/share to $3.76. In the past year, the shares have traded as low as $3.12 and as high as $7.30. On average, 882151 shares of NSU exchange hands on a given day and today's volume is recorded at 68045. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $4.02 area but be careful because the stock may face selling pressure at this level.
Ancestry.com Inc. (NASDAQ: ACOM): traded higher by 5.36% or $1.18/share to $23.19. In the past year, the shares have traded as low as $20.67 and as high as $45.79. On average, 1035760 shares of ACOM exchange hands on a given day and today's volume is recorded at 172672. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $25.12 area but be careful because the stock may face selling pressure at this level.
