PETD, RTIX, N, ARNA, OSBC, ESL Expected to Trade Down After Bearish Patterns Develop

August 18, 2011 / M2 PRESSWIRE / BUYINS.NET / http://www.squeezetrigger.com is monitoring top technical trading patterns and these stocks are the most likely to trade Down in the coming weeks. PETROLEUM DEVELOPMENT CORP (NASDAQ:PETD), RTI BIOLOGICS INC (NASDAQ:RTIX), NETSUITE INC (NYSE:N), ARENA PHARMACEUTICALS INC (NASDAQ:ARNA), OLD SECOND BANCORP INC (NASDAQ:OSBC), ESTERLINE TECHNOLOGIES CORP (NYSE:ESL) are all expected to go Down as Bearish signals have been generated by top technical trading patterns. We monitor these patterns: Support Break, Support Reversal, Breakaway Gap, Measured Gap, Exhaustion Gap, Resistance Break, Resistance Reversal, Saucer Reversal, Volume Climax, Volume Trend, Fibonacci Reversal, Consolidation Breaks, Trend Line Break,Trend Line Reversal, Candles, Golden Crosses, Death Crosses and more. The chart below displays the stocks expected to go Down along with pattern, strategy and strength ratings.

     Symbol     Company                             Strategy                            Pattern Name            Strength  
     PETD       PETROLEUM DEVELOPMENT CORP          Breakout (Stocks) DO                Volume Climax           1         
     RTIX       RTI BIOLOGICS INC                   Reversal (Stocks) DWC               Flag, Rising Continuation     1         
     N          NETSUITE INC                        Breakout (Stocks) DO                Trend Line Reversal(3)     2         
     ARNA       ARENA PHARMACEUTICALS INC           Reversal (Stocks) DWC               62 % Retracement        1         
     OSBC       OLD SECOND BANCORP INC              Reversal (Stocks) DWC               Broadening Continuation     1         
     ESL        ESTERLINE TECHNOLOGIES CORP         Reversal (Stocks) DWC               Support Break(1)        4

Chart Pattern Recognition is based on a 20-year patterns database. This database is used to determine pattern strength for patterns as they appear. There is no optimization and the pattern signals never change. For each pattern variation, we record accuracy and profitability statistics in a patterns database. From this information, we are able to define strength ratings from 1 to 5. The '1' rating shows ALL patterns while a '5' rating shows the best patterns according to profitability. Each pattern has its own strength rating factors. The result is an automatic ranking system that allows us to only show the BEST patterns. You can see that, at Strength 5, virtually all the patterns are profitable. The pattern strength rating system separates the most profitable patterns. The specific technology used to make these predictions is available for a low monthly fee at: http://www.squeezetrigger.com/services/sw/ot.php

PETROLEUM DEVELOPMENT CORP (NASDAQ:PETD) - Petroleum Development Corporation, an independent energy company, engages in the exploration for, development, production, and marketing of oil and natural gas. The company specializes in the purchase, aggregation, and resale of natural gas from other producers. As of December 31, 2009, it owned an interest in and operated approximately 5,000 gross wells located primarily in the Rocky Mountain Region and Appalachian Basin. It sells natural gas to other gas marketers, utilities, industrial end-users, and other wholesale gas purchasers. The company was founded in 1955 and is based in Denver, Colorado.

RTI BIOLOGICS INC (NASDAQ:RTIX) - RTI Biologics, Inc. and its subsidiaries produce orthopedic and other surgical implants that repair and promote the natural healing of human bone and other human tissues, and improve surgical outcomes. The company processes human musculoskeletal and other tissues, including bone, cartilage, tendon, ligament, fascia lata, pericardium, and sclera and dermal tissues into allografts, as well as bovine animal tissues into xenografts for distribution to hospitals and surgeons. It processes and distributes human and bovine animal tissues for spine, sports medicine, dental, surgical specialties, bone graft substitutes, and general orthopedic markets in the United States and internationally. The company was founded in 1997 and is headquartered in Alachua, Florida.

NETSUITE INC (NYSE:N) - NetSuite Inc., together with its subsidiaries, provides an on-demand integrated business management application suite to businesses and divisions of companies worldwide. The company offers NetSuite, a suite of applications that provide accounting/enterprise resource planning, customer relationship management, and e-commerce functions. It also provides industry-specific editions of its service for wholesale/distribution, services, and software companies. In addition, NetSuite Inc. sells additional on-demand application modules to obtain additional functionality required for specific business needs. The company also offers NetSuite business operating system, a technology platform that allows customers, partners, and developers to tailor and extend its suite to meet specific company, vertical, and industry requirements for personalization, business processes, and practices. Further, it offers customer support and professional services related to its suite. The company delivers its suite over the Internet as a subscription service using the software-as-a-service model, as well as through relationships with channel partners. NetSuite Inc. offers its products and services to companies operating in various industries, including distribution and wholesale; professional, consulting, and other services; computer software; e-commerce and retail; manufacturing; computer and information technology services; telecommunications services; financial services; healthcare services; and education. It has a strategic partnership with Genpact Limited. The company was founded in 1998 and is headquartered in San Mateo, California.

ARENA PHARMACEUTICALS INC (NASDAQ:ARNA) - Arena Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company, focuses on discovering, developing, and commercializing oral drugs in the therapeutic areas of cardiovascular, central nervous system, inflammatory, and metabolic diseases. The company also discovers small molecule drug candidates that target G protein-coupled receptors (GPCRs). Its clinical development programs include lorcaserin that has completed Phase III clinical trials for the treatment of weight management; APD791, an anti-thrombotic drug candidate, which completed Phase Ia and Phase Ib clinical trials; APD597 that is in Phase I clinical trials for the treatment of type II diabetes; APD916, which has completed preclinical development for the treatment of narcolepsy and cataplexy; and APD811, a preclinical drug candidate for the treatment of pulmonary arterial hypertension. The companys drug candidates use GPCR-focused drug discovery and development approach, as well as technologies, including Constitutively Activated Receptor Technology and Melanophore Technology. It has collaboration agreements with Ortho-McNeil-Janssen Pharmaceuticals, Inc. to further develop compounds for the potential treatment of type II diabetes and other disorders; and Merck & Co., Inc. to develop therapeutics for atherosclerosis and other disorders. Arena Pharmaceuticals also has a strategic cooperation agreement with Siegfried Ltd to manufacture lorcaserin. The company was founded in 1997 and is based in San Diego, California.

OLD SECOND BANCORP INC (NASDAQ:OSBC) - Old Second Bancorp, Inc., through its subsidiaries, provides community banking and trust services. The company provides various consumer and commercial products and services, including demand, NOW, money market, savings, time deposit, individual retirement, and Keogh deposit accounts; installment loans, student loans, agricultural loans, lines of credit, and overdraft checking; and safe deposit services. It also offers trust services; wealth management services; and additional services, such as the acquisition of U.S. Treasury notes and bonds, the sale of travelers checks, money orders, cashiers checks and foreign currency, direct deposit, discount brokerage, debit cards, credit cards, and other special services. In addition, the company provides electronic banking services, such as Internet banking; and corporate cash management consisting of remote deposit capture. The company offers its commercial and consumer loans to corporations, partnerships, and individuals. Its commercial lending activities focus on business, capital, construction, inventory, and real estate lending. Further, the company provides installment lending services comprising direct and indirect loans to consumers and commercial customers; residential mortgages, such as conventional, government, and jumbo loans; and handles the secondary marketing of these mortgages, as well as offers a range of trust, investment, agency, and custodial services for individual, corporate, and not-for-profit clients. As of December 31, 2009, it operated 30 banking locations and 1 commercial loan production office in Kane, Kendall, DeKalb, DuPage, LaSalle, Will, and southwestern Cook counties in Illinois. Old Second Bancorp, Inc. was founded in 1982 and is based in Aurora, Illinois.

ESTERLINE TECHNOLOGIES CORP (NYSE:ESL) - Esterline Technologies Corporation designs, manufactures, and markets engineered products and systems for the aerospace and defense, industrial/commercial, and medical markets primarily in the United States and Europe. Its Avionics & Controls segment provides GPS, head-up displays, vision systems, and electronic flight management systems for control and display applications. It also offers technology interface systems, including lighted push-button and rotary switches, keyboards, lighted indicators, panels, and displays for commercial and military aircraft. In addition, this segment provides control sticks, grips, and wheels, as well as switching systems for commercial and military aviation, and airborne and ground-based military equipment manufacturing customers. Further, it offers keyboards, keypads, and input devices that integrate cursor control devices, bar-code scanners, displays, and video and voice activations; instruments for point-of-use and point-of-care in vivo diagnostics; and military personal communication equipment, primarily headsets. The companys Sensors & Systems segment produces high-precision temperature, pressure, and speed sensors; electrical power switching, and control and data communication devices; and related systems for jet engine and airframe manufacturers. Its Advanced Materials segment manufactures elastomer products for commercial aerospace, space, and military applications. It also develops engineered thermal components; silicone rubber and other elastomer products, such as clamping devices, thermal fire barrier insulation products, sealing systems, and tubing and coverings; lightweight metallic insulation systems for aerospace and marine applications; and combustible ordnance and warfare countermeasure devices for military customers. Esterline sells its products through direct internal international sales force, manufacturer representatives, and distributors. The company was founded in 1967 and is based in Bellevue, Washington.

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PETD, RTIX, N, ARNA, OSBC, ESL Expected to Trade Down After Bearish Patterns Develop