Anika Therapeutics (ANIK) develops, manufactures and commercializes therapeutic products for tissue protection, healing and repair. The stock is trading up 5.2% at $13.89 in recent trading.
Today's Volume: 189,000Average Volume: 69,428 Volume % Change: 406% >>Health Care Stocks Bought and Sold by Hedge Funds From a technical perspective, ANIK is ripping higher today on heavy volume. This move has triggered a near-term breakout trade now that ANIK has taken out some overhead resistance at $12.95 with 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. Also, look for ANIK to close near its daily highs today as a sign of more strength to come in the stock. If we continue to see that action, then look for ANIK to hit $15 to $17 in the near future.
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