Alkermes (ALKS) is an integrated biotechnology company. Alkermes is engaged in the business of developing, manufacturing and commercializing medicines for the treatment of prevalent, chronic diseases. The stock is trading up 4.9% at $17.83 in recent trading.
Today's Volume: 1.9 millionAverage Volume: 1.1 million Volume % Change: 210% >>5 Stocks Setting Up to Break Out From a technical perspective, ALKS is challenging its 50-day moving average today at $17.83 with heavy volume. This stock also briefly crossed above some near-term overhead resistance at $17.99. At last check, ALKS has pulled back off its daily high of $18.17 with shares trading at around $17.80. Traders should only look for long-biased trades if ALKS is trending above its 50-day moving average and above that resistance at $17.99 with strong upside volume flows. Follow @stockpickr
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