Xoma (XOMA - Get Report) is a biopharmaceutical company focused on the discovery, development and manufacture of therapeutic antibodies designed to treat autoimmune, infectious, inflammatory and oncological diseases. This stock is trading up 16% at $2.77 in recent trading.
Today's Range: $2.40-$2.8652-Week Range: $1.04-$3.49 Volume: 2.4 million Three-Month Average Volume: 703,705 From a technical perspective, XOMA is soaring higher today and triggering a near-term breakout trade on this move above $2.49 with heavy volume. Traders should continue to look for long biased trades as long as XOMA is trending above $2.49 with strong volume flows. If we can get a strong close on XOMA today near its daily highs, then this stock has a great chance to tag its next significant overhead resistance levels at $3.12 to $3.48 in the near future.