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8 Stocks Rising on Unusual Volume

Anika Therapeutics

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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: 189,000

Average 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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