ARNA Turning On the Heat

ARNA has been in the stable for a few weeks now, I cashed in some July $5 Calls on the first run 6/26-6/27, but as you can see, it looks like this is just the start of a major trend reversal. The Indicator in the top window with price (yellow), at first glance appears to be a moving average, not so. It's actually a set of conditions that I ask of each stock, each bar, if the answer is positive, the indicator gets to move up, if negative, it gets to move down. The blue line is a moving average of that indicator. The bottom window is my MACD Heat Map and it is a useful tool in telling you when to start building a position, adding to it, stand aside, start selling and start running for the doors. It also is pretty adept at defining what is and is not a viable trend. It seems we are at the very start of a nice trend in ARNA.

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