Spectrum Pharmaceuticals (SPPI) is a commercial stage biopharmaceutical company, engaged in developing and commercializing therapies with a focus primarily in the areas of hematology-oncology and urology. This stock is trading up 4.2% at $15.12 in recent trading
Today's Volume: 1.1 millionAverage Volume: 1.3 million Volume % Change: 65% From a technical standpoint, SPPI is starting to trigger a major breakout today now that the stock is flirting with some near-term overhead resistance at $15.09 on solid volume. Market players should now watch for sustained high-volume move and close over $15.09 to signal that this stock wants to move higher in the near future. If we get that action, I would keep a long bias on this stock and look to play it for more upside as long as we stay above $15.09, within a few percentage points.
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