Array BioPharma (ARRY) is a biopharmaceutical company focused on the discovery, development and commercialization of small molecule drugs to treat patients afflicted with cancer and inflammatory diseases. This stock is trading up 12.5% at $2.70 in recent trading.
Today's Range: $2.54-$2.7052-Week Range: $1.58-$3.41 Volume: 812,000 Three-Month Average Volume: 302,574 From a technical standpoint, ARRY is gapping up strong today on monster volume and is triggering a breakout above some near-term overhead resistance at $2.54. Market players should now watch for the next breakout trade to trigger once ARRY takes out $2.87 to $2.98 with volume. Look for volume on any move above those levels that's near or above 302,574 shares. If we get that action soon, then look for ARRY to make a run at $3.20 to $3.40. I included Array in a list earlier this month of Stocks Under $10 Setting Up to Trade Higher.
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