Onyx Pharmaceuticals (ONXX), a biopharmaceutical company, is developing therapies that target the molecular mechanisms that cause cancer. This stock is trading up 4.3% at $79.99 in recent trading.
Today's Volume: 1.5 million
Average Volume: 2.1 millionVolume % Change: 90% >>5 Stocks Poised for Breakouts From a technical perspective, ONXX is moving sharply higher here with decent volume. This move has now pushed ONXX above some near-term overhead resistance levels at $78.78 to $79.20, and it's pushed the stock into new 52-week-high territory. Traders should now look for long-biased trades in ONXX as long as it's trending above $78.78 with strong upside volume flows. I would consider any upside volume day that registers near or above 2,131,430 shares as bullish. If ONXX can maintain that trend, then this stock has a great chance of hitting $90 to $100 in the near future.
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