Hi-Tech Pharmacal (HITK) is a specialty manufacturer and marketer of prescription, over-the-counter and nutritional products. It develops, manufactures and markets products in three categories: generics, prescription brands and OTC brands. This stock is trading up 8.3% at $31.72 in recent trading.
Today's Volume: 138,000Average Volume: 93,608 Volume % Change: 148% >>5 Biotech Stocks Under $10 Set to Soar From a technical perspective, HITK is ripping back above its 50-day moving average of $30.23 here with above average volume. Whenever any stock makes a powerful move with heavy volume above a key moving average, then it should be considered bullish technical price action. This move today is quickly pushing HITK within range of triggering a near-term breakout trade. That trade will hit once HITK takes out some near-term overhead resistance at $33.21 with high volume. Traders should now look for a long-biased trade as long as HITK is trending above its 50-day and once it takes out $33.21 with volume. Look for a sustained move or close above $33.21 with volume that's near or above 93,608 shares. If we get that action soon, then look for HITK to re-test and possibly take out its 200-day moving average of $35.20.
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