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8 Stocks Rising on Monster Volume

Questcor Pharmaceuticals

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Questcor Pharmaceuticals (QCOR) is a biopharmaceutical company. Questcor primary product is H.P. Acthar Gel, an injectable drug that is approved by the FDA. This stock is trading up 2.8% at $37.66 in recent trading.

Today's Volume: 2 million

Average Volume: 1.9 million

Volume % Change: 84%

From a technical standpoint, QCOR has started to find some buying interest recently near some previous support levels at around $33.66 to $34.15. Buyers have stepped into the stock near those levels and have pushed shares up to its current price of around $37.60.

Market players should now watch for a breakout trade to trigger if QCOR can take out $38.34 and then its 50-day moving average of $40.30 on heavy volume. Look for volume on a move above those levels that registers near or above 1,933,260 shares. If we get that action soon, then this stock has a great chance to re-test $44.18 to $45.50 in the near future.

Questcor was one of 5 Drug Stocks Winners of 2011.
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GOLD $85.26 -11.00%
IPGP $84.61 -1.10%
JAZZ $148.59 -2.50%
QCOR $93.60 1.65%
TIVO $9.67 0.10%


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