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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.