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EntreMed(ENMD) is a clinical-stage pharmaceutical company focused on developing focused on developing ENMD-2076, an Aurora A and angiogenic kinase inhibitor for the treatment of cancer. This stock is trading up 16% at $2.33 in recent trading.
Today's Range: $1.98-$2.39
52-Week Range: $0.90-$3.10
Three-Month Average Volume: 16,192
>>5 Health Care Stocks Setting Up to Break Out
technical perspective, ENMD is skyrocketing here with above average volume. This move is happening right around its 50-day moving average of $1.93, and it's pushing ENMD into
breakout territory since the stock has moved above some resistance at $2 to $2.23.
Traders should now look for the next major breakout trade to trigger for ENMD. That trade will hit once the stock takes out some past overhead resistance at $2.50 with high-volume. Traders should look for long-biased trades once ENMD sustains a move or close above $2.50 with volume that's near or above 16,192 shares. If we get that action soon, then I expect ENMD to re-test and possibly take out its next major overhead resistance levels at $2.82 to $3.10. Any high-volume move above $3.10 would be very bullish since that's the
52-week high for ENMD.