` Gary Investing Blog: Brief Comments on EDU, NVDA, ARNA


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Wednesday, January 9, 2013

Brief Comments on EDU, NVDA, ARNA

 New Oriental Education (NYSE: EDU) has been following MA(50) pretty nicely since last October. MA(50) could cross above MA(200) in the coming weeks. EDU has now pulled back to MA(50), making it a great level for entry.

NVDIA Corp. (NASDAQ: NVDA) after breaking above the downtrend last December, it has been making higher highs and higher lows. NVDA is now trading near the bottom of the channel. It is a great opportunity to go long and target for $13.5 in the short run.

Arena Pharmaceuticals (NASDAQ: ARNA) has broke above Oct's high, closing at $10.11 with HUGE volume. Technicals look great as ARNA closes well above MA(50) and $10.00 psychological level.

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