Volume: 2.52 million
Average Volume: 1.17 millionVolume % Change: 254% This stock is jumping higher today after the company said a court is keeping competition for its anti-clotting drug enoxaparin off the market. From a technical standpoint, this stock is spiking above its 50-day moving average of $13.99 today with the high volume. Shares of Momenta are also breaking out today above some past overhead resistance at $13.98 a share. The stock still hasn't cleared its 200-day moving average of $16.06, so traders should watch for the stock to move above that level to trigger its next bullish technical signal. >>10 Most-Shorted Stocks in Biotech B&G Foods (BGS) manufactures sells and distributes a diverse portfolio of branded shelf-stable food products. The stock is trading up 8% at $21.20 in recent trading. Volume: 1.007 million Average Volume: 430,712 Volume % Change: 475% From a technical standpoint, this stock triggered a major breakout today off this high-volume move. Shares of B&G Foods cleared some major overhead resistance at around $21 to $21.06 a share in earlier trading, and hit $21.74 at the highs of the day so far. Market players should watch for a sustained move and close above $21.06 to signal that this stock wants to go higher. The one area of caution for BGS is the current relative strength index reading, which is flashing an 80. Any reading over 70 is considered overbought on a stock. If you see this stock trade back below the breakout level of $21 with high volume, then avoid going long due to the overbought condition. B&G is one of the top-yielding food and beverage stocks.
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