This is a biodefense company engaged in the development and commercialization of medical countermeasures against biological and chemical weapons. This stock is trading up 13.4% at $1.68 in recent trading.
Today's Range: $1.46-$1.69
52-week Range: $1.07-$3.69
Three-Month Average Volume: 386,178
From a technical perspective, PIP is ripping higher here, back above both its 50-day moving average of $1.50, and above its 200-day moving average of $1.58 with above-average volume. This move is quickly pushing PIP within range of trigging a major breakout trade. That trade will hit once PIP takes out some overhead resistance at $1.84 to $1.89 with volume.
Traders should now look for long-biased trades once PIP sustains a move or close over those levels with volume that's near or above 386,178 shares. If we get that action soon, then PIP could re-test and possibly take out its March high of $2.10.
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