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ArQule (ARQL) Upgrade Alert, Watch for 21.1% Technical Downtrend Reversal

Oct 13, 2009 (SmarTrend(R) Spotlight via COMTEX) --

Company: ArQule, Inc. (ARQL)

ArQule (NASDAQ:ARQL) upgraded to Buy from Neutral at UBS. The stock closed yesterday at $4.12 on volume of 184,000 shares, below average daily volume of 245,852.

Arqule is currently below its 50-day moving average of $5.27 and below its 200-day moving average of $4.69.

SmarTrend is bearish on shares of ARQL and our subscribers received a Downtrend alert on September 18, 2009 at $5.22, which has returned 21.1% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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News Provided by COMTEX

Company: ArQule, Inc. (ARQL)


Related terms: market, nasdaq, securities

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