(OMER - Get Report)
This is a clinical-stage biopharmaceutical company. It is engaged in discovering, developing and commercializing products focused on inflammation, bleeding and disorders of the central nervous system. This stock is trading up 9% at $11.48.
Today's Volume: 187,000
Average Volume: 151,419
Volume % Change: 144%
From a technical perspective, OMER is ripping higher here on above-average volume, and the stock has started to trigger a major breakout trade above some past overhead resistance at $10.88. This move has now pushed OMER into new 52-week high territory. Traders should continue to look for long-biased trades as long as OMER is trending above $10.88 with strong upside volume flows.
I would consider any upside volume day that registers near or above 151,419 as bullish. If we continue to see that action, then OMER has a great chance of hitting $15 in the near future. On the flipside, I would avoid any long trades if OMER cannot hold its trend over $10.88 with strong volume flows.