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3 Unusual-Volume Stocks Trending Higher

Infinity Pharmaceuticals

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Infinity Pharmaceuticals (INFI - Get Report), a drug discovery and development company, focuses on discovering, developing and delivering medicines to patients for diseases with significant unmet need. This stock is trading up 11.7% at $21.32 in recent trading.

Today's Volume: 438,000

Average Volume: 313,931

Volume % Change: 129%

>>4 Biotech Stocks Under $10 Moving Higher

From a technical perspective, INFI is skyrocketing here with above-average volume. This move has pushed INFI into breakout territory, since the stock has taken out some near-term overhead resistance levels at $18.37 to $18.53.

Traders should now look for long-biased trades in INFI off of weakness, as long as it continues to trend above $18.37 to $18.53 with strong upside volume flows. I would consider any upside volume day that registers near or above 313,931 shares. It's never a great idea to chase a stock up as much as INFI is right now, so look to get long off weakness. If INFI can hold this trend, then the stock has a great chance of hitting $25 or higher in the near future.
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INFI $5.44 -0.91%
MM $0.00 0.00%
ENOC $4.38 -9.60%
TSLA $145.49 -1.70%
YHOO $26.64 -1.50%


Chart of I:DJI
DOW 15,911.28 -115.77 -0.72%
S&P 500 1,838.07 -15.37 -0.83%
NASDAQ 4,236.5620 -47.1910 -1.10%

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