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Anthera Pharmaceuticals(ANTH) is a biopharmaceutical company focused on developing and commercializing products to treat serious diseases associated with inflammation, including cardiovascular and autoimmune diseases. This stock is trading up 4.7% at $2.22 in recent trading.
Today's Range: $2.13-$2.25
52-Week Range: $2.06-$9.08
Three-Month Average Volume: 405,827
>>5 Stocks Under $10 Poised to Move Higher
From a technical perspective, ANTH is bouncing notably today right near some previous support at $2.06 with light volume. This bounce is coming off of massively oversold territory since the current relative strength index for ANTH is 20.42. This could potentially be the start of a much bigger bounce since ANTI recently plunged and gapped down from over $6 on huge volume.
Traders should now look for long-biased trades in ANTH if it can manage to break out above some near-term overhead resistance at $2.41 to $2.50 with high volume. Look for volume on a move and close over those levels that are near or above 405,827 shares. If we get that action soon, look for ANTH to soar towards $3 to $4.