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Unilife(UNIS) is a developer and supplier of a portfolio of drug delivery systems. The company focuses on the design, development, manufacture and supply of a range of retractable syringes. This stock is trading up 4.2% to $4.67 in recent trading.
Today's Range: $4.39-$4.75
52-Week Range: $2.82-$5.44
Three-Month Average Volume: 265,998
From a technical perspective, UNIS is moving notably higher here on light volume. This moving is coming after a powerful bounce on last Friday that was sparked right off its 50-day
moving average of $4.10 with monster volume.
Traders should now look for long-biased trades if UNIS can mange trigger a near-term breakout with high-volume. That breakout will hit once UNIS takes out yesterday's high of $5.17 with volume that's near or above 265,998 shares. If we get that action soon, then UNIS has a great chance of hitting its next significant overhead resistance levels at $5.44 to $6 in the near future.
moving averageOn the flipside, I would avoid this stock for any long trades in the near-term if it takes out today's low of $4.38 with volume.