BioMarin Pharmaceutical (BMRN) develops and commercializes pharmaceuticals for serious diseases and medical conditions. This stock is trading up 1.2% at $37.05 in recent trading.
Today's Volume: 824,000Average Volume: 1.05 million Volume % Change: 69% >>5 Stocks Setting Up to Break Out From a technical perspective, BMRN is bouncing off some near-term support here at around $36 to $35.50 with decent volume. This stock is now trending just a few points off a major breakout trade. That trade will trigger once BMRN can manage to take out some overhead resistance and its 52-week high of $39.20 with high volume. Traders should look for long-biased trades if BMRN can sustain a move or close over $39.20 with volume that's near or above 1,051,880 shares. If we get that action soon, then BMRN should easily trade up into the mid-$40s.
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