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XenoPort(XNPT - Get Report) is a biopharmaceutical company focused on developing and commercializing a portfolio of internally for the treatment of neurological disorders. This stock is trading up 4.5% at $9.35 in recent trading.
Today's Range: $8.93-$9.70
52-Week Range: $3.46-$9.04
Three-Month Average Volume: 578,400
>>5 Stocks Under $10 Set to Soar
From a technical perspective, XNPT is ripping higher here with decent volume, and this stock has moved into breakout territory above some near-term overhead resistance at $9. This move has also pushed XNPT into new 52-week high territory, after the stock hit an intraday high today of $9.70.
Traders should now look for long-biased trades in XNPT as long as it's trending above $8.50 to $9 with strong upside volume flows. I would consider any upside volume day that registers near or above 578,400 shares as bullish. If XNPT can maintain that trend, then this stock has a great chance of re-testing and possibly taking out its next significant overhead resistance levels at $11.34 to $11.82.