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8 Stocks Surging on Big Volume

Sarepta Therapeutics

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Sarepta Therapeutics (SRPT - Get Report) is a biopharmaceutical company focused on the discovery and development of RNA-based therapeutics for the treatment of both rare and infectious diseases. This stock is trading up 16% at $12.53 in recent trading.

Today's Volume: 2.4 million

Average Volume: 888,214

Volume % Change: 325%

Shares of SRPT are ripping higher today after ThinkEquity initiated coverage on the stock with a buy rating and a $15 price target.

>>5 Stocks Poised for Breakouts

From a technical perspective, SRPT is exploding higher here with above average volume, and this stock has entered breakout territory since it's moved above some near-term overhead resistance at $10.78.

Traders should now look for long-biased trades as long as SRPT is trending above that breakout level of $10.78 or today's low of $11.65 with strong upside volume flows. I would consider any upside volume day that registers near or above 888,214 shares as bullish. If we continue to see that action, then SRPT has a great chance of hitting $15 in the near future.

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SYM TRADE IT LAST %CHG
ACTG $10.12 0.00%
CSOD $29.57 0.00%
IMGN $10.12 0.00%
SRPT $13.24 0.00%
VNET $20.47 0.00%

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