Transcept Pharmaceuticals (TSPT - Get Report) is a specialty pharmaceutical company focused on the development and commercialization of products that address therapeutic needs in neuroscience. This stock is trading up 8.6% at $9.99 in recent trading.
Today's Volume: 365,000Average Volume: 122,657 Volume % Change: 768% From a technical perspective, TSPT has started to trigger a breakout trade today now that the stock is moving above some past overhead resistance at $9.37 with heavy volume. >>5 Stocks Setting Up to Break Out Traders should continue to look for long-biased trades as long as TSPT is trending above $9.37. Look for a sustained high-volume move and close over $9.37 and near its daily highs to signal that TSPT wants to trend higher. If we get that action today, then look for TSPT to re-test its next significant overhead resistance levels at $11.40 to $11.88 in the near future.
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