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Pozen(POZN - Get Report) is a pharmaceutical company focused on transforming medicine. This stock is trading up 9% at $5.25 in recent trading.
Today's Range: $5.31-$5.73
52-Week Range: $2.15-$6.39
Volume: 3.8 million
Three-Month Average Volume: 91,328
Shares of POZN are ripping higher today after the company said its drug candidate for coordinated delivery of omeprazole and aspirin met primary and secondary goals in late-stage clinical studies. The company expects to submit a new drug application in the third quarter.
technical perspective , POZN is gapping up big today on monster volume. This move has also pushed POZN into
breakout territory since the stock has moved above some overhead resistance levels at $4.83 to $4.85. As long as POZN can manage to close above those breakout levels and near its daily highs, then this stock should continue its uptrend.
If we get that action today, then look for POZN to re-test its next significant overhead resistance levels at $6.39 to $7 very soon.