Dendreon (DNDN) is a biotechnology company focused on the discovery, development and commercialization of therapeutics that may improve cancer treatment options for patients. This stock is trading up 5.9% at $14.39 in recent trading.
Today's Volume: 11.5 millionAverage Volume: 9 million Volume % Change: 113% Shares of DNDN are ripping higher today after the company announced it hired former Eli Lilly (LLY) and Savient Pharmaceuticals (SVNT) executive, John H. Johnson, as its new president and CEO. From a technical standpoint, DNDN are quickly approaching a big breakout today with the stock trading right below a major overhead resistance level at $15.21. At last check, the volume for DNDN is extremely strong and the stock has printed a daily high of $14.71. Market players should continue to look for long biased trades in DNDN if it can manage to break out over $15.21 with volume in the near future.