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Anika Therapeutics(ANIK) is a provider of carrier-class voice over Internet protocol and convergence solutions for fixed and wireless communication service providers. This stock is trading up 6.3% at $13.30 in recent trading.
Today's Volume: 91,000
Average Volume: 68,829
Volume % Change: 83%
From a technical perspective, ANIK is soaring today on above average volume, and the stock is now printing new 52-week highs. This move has now triggered a major breakout trade for ANIK since the stock is moving above some near-term overhead resistance at $12.95 with high-volume.
Traders should continue to look for long-biased trades in ANIK as long as it's trending above $12.95 with strong upside volume flows. If we continue to see that action, then watch for ANIK to trade up towards $15 or higher in the near future.
To see more stocks rising on unusual volume, check out the
Stocks Rising On Unusual Volume portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.