Warner Chilcott (WCRX) is specialty pharmaceutical company. It is focused on the women's healthcare, gastroenterology, dermatology and urology segments of the branded pharmaceuticals market, primarily in North America. This stock is trading up 8.8% at $18.94 in recent trading.
Today's Volume: 5.9 millionAverage Volume: 2.2 million Volume % Change: 426% Shares of WCRX are soaring today after the Times of London said that Bayer may see a takeover of the company. >>5 Big Stocks to Trade fr rGains From a technical perspective, WCRX is gapping up big here on monster volume. This move is pushing WCRX within range of triggering a major breakout trade. That trade will hit once WCRX takes out some past overhead resistance at $19 with volume. At last check, WCRX has hit an intraday high of $19.50. Traders should now look for long-biased trades as long as WCRX can clear above $19 and near its daily highs. If we get that action soon, then WCRX should trade up to its next significant overhead resistance levels $22 to $24.50 in the near future.
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