Questcor Pharmaceuticals (QCOR) is a biopharmaceutical company. Questcor's primary product is H.P. Acthar Gel (repository corticotropin injection) (Acthar), an injectable drug that is approved by the U.S. Food and Drug Administration, for the treatment of 19 indications. This stock is trading up 10.4% at $55.49 in recent trading.
Today's Volume: 4.5 millionAverage Volume: 1.85 million Volume % Change: 306% Shares of QCOR are skyrocketing today after the company reported strong second-quarter sales of its flagship multiple sclerosis drug Acthar. The company shipped 4,710 vials of Acthar for Apirl to June, which represented a 15% rise from the previous quarter. >>22 Biopharma Stocks With Breakout Potential in 2012 From a technical perspective, QCOR is gapping up huge with monster volume. This gap-up has pushed QCOR into breakout territory, since the stock has moved above some near-term overhead resistance at $54.31. At last check, QCOR has hit an intraday high of $58.91 and the volume is well above its three-month average action of 1.85 million shares. Amazingly, this move has yet to push QCOR into extremely overbought territory since its current relative strength index reading is just 69.25. Traders should now look for long-biased trades once QCOR breaks out above today's high of $58.91 with strong volume. Look for a sustained move or close above $58.91 with volume that's near or above 1.85 million shares. Traders can also look for long-trades as long as QCOR is trending above that key breakout point of $54.31. Questcor shows up on a list of Hot Biotech Stocks Traded by Hedge Funds in the most recently reported quarter.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV