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Galena Biopharma(GALE - Get Report) is a biotechnology company focused on discovering, developing and commercializing therapies addressing unmet medical needs using RNAi-targeted and immunotherapy technologies. This stock is trading up 5% to $1.24 in recent trading.
Today's Range: $1.20-$1.33
52-week Range: $0.36-$1.65
Volume: 1.5 million
Three-Month Average Volume: 744,731
From a technical perspective, GALE has started to trigger a breakout trade today since the stock has cleared some near-term overhead resistance at $1.20 on heavy volume.
Traders should now watch for a strong close above $1.20, and near its daily high of $1.33 to signal that GALE wants trend much higher. If we get that action today, then look for GALE to make a short-term run at $1.40 to $1.65, or possibly higher as long the upside volume remains strong.
Galena shows up on a recent list of
6 Drug Stocks Unworthy of a Biotech Bull Market.