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SciClone Pharmaceuticals(SCLN - Get Report) is a specialty pharmaceutical company with a product portfolio of therapies for oncology, infectious diseases, cardiovascular, urological, respiratory and central nervous system disorders. This stock is trading up 8.5% at $5.09 in recent trading.
Today's Range: $4.64-5.12
52-Week Range: $3.41-$7.58
Three-Month Average Volume: 679,364
>>5 Rocket Stocks Ready for Blastoff
technical perspective, SCLN is bouncing strong here right off some near-term support at $4.50 with decent volume. This move is quickly pushing SCLN within range of triggering a near-term
breakout trade. That trade will hit once SCLN takes out some near-term overhead resistance at $5.18, and then its 50-day at $5.31 and its 200-day at $5.53 with high volume.
Traders should now look for long-biased trades in SCLN as long as it's trending above $4.50, and then once it sustains a move or close above those breakout levels with volume that's near or above 679,364 shares. If that breakout triggers soon, then SCLN will have a great chance of re-testing or possibly taking out its next major overhead resistance levels at $5.99 to $6.04.