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Array Biopharma(ARRY - Get Report) is a biopharmaceutical company focused on the discovery, development and commercialization of small molecule drugs to treat patients afflicted with cancer and inflammatory diseases. This stock is trading up 3.7% to $4.14 in recent trading.
Today's Range: $4.03-$4.42
52-Week Range: $1.58-$4.10
Volume: 1.4 million
Three-Month Average Volume: 878,065
From a technical perspective, ARRY is moving notably higher here with above average volume, and it's started to enter breakout territory with the stock moving above some past overhead resistance at $4.10 to $4.25. This move for ARRY has pushed it into new
52-week-high territory , which is bullish technical price action. At last check, ARRY has hit an intraday high of $4.43 and volume is well above its three-month average action.
>>5 Biotech Stocks Under $10 Set to Soar
Traders should continue to look for long-biased trades as long as ARRY is trending above $4.10 to $4.43 with strong upside volume flows. I would consider any upside volume day that registers near or above 878,065 shares as bullish. If ARRY can hold this breakout, then the stock could easily be on its way to well north of $5.
Array shows up on a list of
Hot Biotech Stocks Traded by Hedge Funds.