Before You Make a Right Decision, Watch Some Upgrade Stocks (ARNA, P, SVU, WLT)

New York, NY -- (SBWIRE) -- 10/18/2012 -- Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) had a significant day because a major resistance line over the last couple months was taken out on Wednesday. It closed at the high end of the range, just 6 cents off the high, up 63 cents to 9.99, or 6.7%, on 17.8 million shares, and reaching as high as 10.05 at one point. That’s the kind of volume it needs to move across the resistance. At this point, look for a move that will test the 10.60 range short-term, and then up around 12-13 zone to test the July snapback highs.Its shares jumped 1.21% and closed at $9.36 in the last trading session. The company, last week, announced the initiation of dosing in a Phase 1 multiple dose clinical trial of APD811, a novel oral drug candidate discovered by Arena that targets the prostacyclin (IP) receptor for the treatment of pulmonary arterial hypertension (PAH).

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Pandora Media Inc(NYSE:P) shares declined 0.80% to $8.68 in the morning hour. Pandora Media faces new competition as Microsoft introduced their new music service Xbox music. Xbox Music will offer free streaming music to its subscribers as well as a paid subscription service. The service will also include a “Smart DJ” feature which is similar to Pandora’s Music Genome Project.It extended their recent pullback on Tuesday, touching a fresh five-month low. Against this backdrop, the option bears came out in full force, scooping up soon-to-expire puts on the Internet radio concern.By the time the dust settled, P had seen around 13,000 puts change hands -- roughly three times its average daily put volume. For comparison, fewer than 3,900 P calls were exchanged, or 30% below its typical single-session call activity.

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SUPERVALU (NYSE:SVU) is trading at $2.04, up $0.14 (+7.37%) in today's trading session. The daily low is $1.86 and the high is $2.09. The trading volume of 6M is above the average volume of 5M shares. SVU is trading below the 50 day moving average and lower than the 200 day moving average. The technical momentum Relative Strength Index indicator shows oversold conditions. The stock's 52 week low is $1.68 and 52 week high is $8.75. Within the last week, the shares have lost -2.56% of their value. Supervalu Inc. operates as a grocery retailer in the United States. It conducts its operations under three retail food store formats: combination stores, food stores and limited assortment food stores.

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Walter Energy Inc. (NYSE:WLT) is a leading producer of metallurgical coal, industrial coal, steam coal, anthracite, and other related products. Since China is a major consumer of these basic commodities, the reduction in demand and lower prices have taken a toll on companies like Walter Energy. Many coal stocks have recently hit new 52-week lows and some companies are reporting losses. However, Walter Energy has remained profitable and analysts expect it to report positive earnings in the coming years. This company reported second quarter net income of $32 million or 51 cents per diluted share. Policymakers in China recently lowered interest rates and approved about $156 billion worth of new infrastructure projects. This should create significant demand for the commodities produced by Walter Energy, in the coming quarters. In 2011, this stock traded around $140 per share, and that should give investors an idea of the upside potential when coal demand strengthens.

Some key points for WLT:

- Current share price: $36.35
- The 52 week range is $29.75 to $83
- Earnings estimates for 2012: $1.65 per share
- Earnings estimates for 2013: $2.72 per share
- Annual dividend: 50 cents per share which yields 1.4%

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