BioDelivery Sciences (BDSI - Get Report) is a specialty pharmaceutical company utilizing licensed and owned drug delivery technologies to develop and commercialize, either on its own or in partnerships with third parties, new formulations of therapeutics. This stock is trading up 17% at $2.34 in recent trading.
Today's Range: $2.24-$2.5552-Week Range: $0.77-$4.05 Volume: 954,000 Three-Month Average Volume: 307,373 Shares of BDSI are ripping higher today after the company said that it has received a patent allowance that will trigger a $15 million milestone payment from Endo Pharmaceuticals (ENDP). From a technical perspective, BDSI has started to flirt with a major breakout trade today since the stock briefly traded above some near-term overhead resistance at $2.43 on heavy volume. >>5 Stocks Poised for Breakouts Traders should now watch for a sustained high-volume move and close above $2.43 to signal that BDSI wants to spike significantly higher. At last check, volume today is well above the average action, and the stock hit a daily high of $2.55. If we get that action soon, look for BSDI to trade up towards $3.20, or possibly even higher. Follow @stockpickr