This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

7 Stocks Soaring on Unusual Volume

Seattle Genetics (SGEN - Get Report)

This is a biotechnology company focused on the development and commercialization of monoclonal antibody-based therapies for cancer. This stock is up 4% at $23.35 in recent trading.

Today's Volume: 2,705,000
Average Volume: 1,207,540
Volume % Change: 181%

Shares of SGEN are ripping higher today after Needham & Company reiterated its buy rating on the stock and raised its price target from $20 to $25.

From a technical perspective, SGEN is ripping to the upside here on monster volume. This move marks a continuation pattern for the stock after it broke out above $21.99 to $22.40 a few days ago with strong volume. As long as SGEN can maintain its trend above $21.99 to $22.40 with strong upside volume flows, this stock could possibly hit $25 to $27 soon.

Traders should consider any upside volume day that registers near or above 1,207,540 shares as bullish. Look for long-biased trades as long as it holds those breakout levels with volume.

On the flipside, I would avoid SGEN, or look for short-biased trades, if it moves back below $22 to $21 with heavy volume. If we get that action, look for SGEN to simply retest its 50-day at $19.84, or its 200-day at $18.69.

6 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
ONXX $0.00 0.00%
MPWR $51.99 0.00%
AMSG $60.70 0.00%
SGEN $35.05 0.00%
OMER $21.95 0.00%


DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs