ARYK0

ARWR Bearish Reversal

ARYK0 Updated   
NASDAQ:ARWR   Arrowhead Pharmaceuticals, Inc.
5
ARWR just reached a previous top and has gone down 3 days in a row. Selling pressure is increasing. It just broke a trend line that was consistent for 21 days. Price Oscillator and RSI both broke significant trendlines on 3/6. MACD just had a negative crossover indicating a sell signal. CMF is downtrending and the Parabolic SAR is close to negatively crossing over.
Trendline violations for the Price Oscillator confirm on the 14 day chart, 25 day chart, and 45 day chart. On the 65 day chart it looks like it reached a peak and is downsloping but hasnt confirmed yet. RSI trendline violations confirm on 14,25,45, and 65 day charts.
Comment:
a 50 day Moving Average just negatively crossed over a 25 day Price Oscillator
Comment:
price climbed up to around the close it saw on 1/11/17 and the high it saw on 2/17/17 saw resistance there and then dipped hard and lost almost all of its gains of the day. however the last 5 minutes before close looked good.
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