Xoma (XOMA) is a biopharmaceutical company engaged in the discovery, development and manufacture of therapeutic antibodies and other agents designed to treat inflammatory, autoimmune, infectious and oncological diseases.. This stock is trading up 3.8% at $3.32 in recent trading.
Today's Range: $3.18-$3.3752-Week Range: $1.04-$4.13 Volume: 238,000 Three-Month Average Volume: 745,805 From a technical perspective, XOMA is moving notably higher here back above its 50-day moving average of $3.31 with light volume. This move is quickly pushing XOMA within range of triggering a near-term breakout trade. That trade will hit once XOMA takes out some near-term overhead resistance levels at $3.30 to $3.36 with high volume. Traders should now look for long-biased trades in XOMA as long as it's trending above some near-term support at $3, and then once it sustains a move or close above $3.30 to $3.36 with volume that's near or above 745,805 shares. If that breakout triggers soon, then XOMA will have a great chance of re-testing and possibly taking out its next major overhead resistance levels at $3.97 to $4.13. Keep in mind that if $4.13 is taken out soon with volume, then the next major overhead resistance level sits at $5.