Twitter $TWTR, Aerie Pharmaceuticals $AERI, Arena Pharma $ARNA

Twitter Inc (NYSE:TWTR) had a strong bullish momentum on Friday after Steve Ballmer reveals 4% stake. The stock closed the day with a gain of 4.85 per cent at 31.15 on strong volume after touching the day's high of 31.40. From a technical standpoint, the bias is bullish in nearest term. Key resistance is seen at 31.50. A clear break and daily close above this area could trigger further bullish momentum testing 33.51 or higher. The stock stayed above the 50-day EMA and the MACD and RSI still in buy mode. Long setup.

Aerie Pharmaceuticals Inc (NASDAQ:AERI) attempted to push lower on Friday bottomed at 20.50 but quickly whipsawed to the upside and closed slightly below the key resistance zone. A clear break and consistent movement above the 21.43 level next week could trigger further bullish pressure testing the 25.50 area. MACD is about to trigger a new buy signal with Slow Stochastic pointing upwards. Long setup on watch.

Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) Will watch to see if it can break this horizontal resistance line next week. Key momentum indicators are trending in a positive direction. The bias remains bullish but the 2.54 area needs to be clearly broken to the upside to continue the bullish scenario. The immediate support is seen around 2.24/2.26.