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Transition Therapeutics(TTHI) is a product-focused biopharmaceutical company developing therapeutics for disease indications with large markets. This stock is trading up 6% at $2.25 in recent trading.
Today's Range: $2.12-$2.25
52-Week Range: $1.15-$3.00
Three-Month Average Volume: 19,118
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From a technical perspective, TTHI is jumping to the upside here with light volume. This move has pushed the stock into near-term breakout territory, since TTHI has taken out some resistance at $2.16. Traders should now look to play the next major
breakout trade for TTHI. That trade will trigger once TTHI takes out some near-term overhead resistance at $2.35 with high-volume.
Traders should look for long-biased trades once TTHI sustains a move or close over $2.35 with volume that's near or above 19,118 shares. If that breakout triggers soon, then TTHI has an excellent chance of tagging its next major overhead resistance levels at $2.79 to $3.23 in the near future.