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TMCNet:  Traders Get Bullish on Shares of Array Biopharma, Shares Up 10.3% (ARRY)

[March 25, 2013]

Traders Get Bullish on Shares of Array Biopharma, Shares Up 10.3% (ARRY)

Mar 25, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Array Biopharma (NASDAQ:ARRY) is one of today's best performing low-priced stocks, up 10.3% to $4.73 on 1.3x average daily volume. Thus far today, Array Biopharma has traded 1.1 million shares, vs. average volume of 815,000 shares per day. The stock has outperformed the Dow (10.3% to the Dow's -0.3%) and outperformed the S&P 500 (10.3% to the S&P's -0.1%) during today's trading.
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Array BioPharma Inc., a discovery research company, creates drug candidates. The Company provides drug discovery products and services to create, evaluate, and optimize potential drug candidates in collaboration with pharmaceutical and biotechnology companies.

Potential upside of 5.7% exists for Array Biopharma, based on a current level of $4.73 and analysts' average consensus price target of $5.00. The stock should find initial support at its 200-day moving average (MA) of $4.27 and further support at its 50-day MA of $4.03.

In the past 52 weeks, Array Biopharma share prices have been bracketed by a low of $3.00 and a high of $6.17 and are now at $4.73, 58% above that low price. The 200-day and 50-day moving averages have moved 0.46% higher and 0% lower over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Array Biopharma on January 4th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $4.08. Since that recommendation, shares of Array Biopharma have risen 5.1%. We continue to monitor ARRY 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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