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Investors look to Lighten Up on Shares of Arqule, Shares Down 5.5% (ARQL)
[January 08, 2013]

Investors look to Lighten Up on Shares of Arqule, Shares Down 5.5% (ARQL)

Jan 08, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Arqule (NASDAQ:ARQL) is one of today's worst performing low-priced stocks, down 5.5% to $2.86 on 1.1x average daily volume. Arqule has traded 631,000 shares thus far today, vs. average volume of 554,000 shares per day. The stock has underperformed the Dow (-5.5% to the Dow's -0.5%) and underperformed the S&P 500 (-5.5% to the S&P's -0.4%) during today's trading.

Arqule has overhead space with shares priced $2.85, or 56.7% below the average consensus analyst price target of $6.60. The stock should find resistance at its 200-day moving average (MA) of $5.12, as well as support at its 50-day MA of $2.63.

In the past 52 weeks, shares of Arqule have traded between a low of $1.98 and a high of $8.32 and are now at $2.85, which is 44% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has advanced 0.8%.


ArQule Inc. develops cancer therapeutics based on its proprietary Activated Checkpoint Therapy platform. The Company's platform is designed to produce small molecule compounds that selectively kill cancer cells while leaving normal cells unharmed. ArQule's products are intended to be effective against multiple types of cancer.

SmarTrend recommended that subscribers consider buying shares of Arqule on October 17th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $2.84. Since that recommendation, shares of Arqule have risen 6.5%. We continue to monitor ARQL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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