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7 Stocks Surging on Big Volume

Seattle Genetics

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Seattle Genetics (SGEN - Get Report) is a biotechnology company focused on the development and commercialization of monoclonal antibody-based therapies for cancer. This stock is trading up 2.5% at $20.82 in recent trading.

Today's Volume: 1.8 million

Average Volume: 1.1 million

Volume % Change: 198%

From a technical perspective, SGEN exploded higher in earlier trading and even triggered a breakout move above some near-term overhead resistance at $21.04 with monster volume. At last check, SGEN has pulled back off its intraday high of $21.99 to its current price around $20.80.

Traders should now only look for long-biased trades if SGEN is trending above $21.04 and today's high of $21.99 with strong upside volume flows. I would consider any volume that's near or above 1.1 million shares as bullish. If we get that action, look for SGEN to re-test its 2011 high of $22.40 in the near future.

I also featured Seattle Genetics recently in " 5 Stocks Set to Soar on Bullish Earnings."
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FINL $19.75 0.00%
INTU $100.89 0.00%
SCVL $25.63 0.00%
SGEN $35.48 0.00%
YHOO $36.60 0.00%


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