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NPS Pharmaceuticals(NPSP) is focused on the development of orphan products for patients with rare gastrointestinal and endocrine disorders and high unmet medical needs. This stock is trading up 2.8% to $8.95 in recent trading.
Today's Range: $8.58-$9.06
52-Week Range: $4.35-$9.28
Three-Month Average Volume: 890,000
From a technical perspective, NPSP is bouncing higher here right around some near-term support at $8.50 with above-average volume. This move is quickly pushing NPSP within range of triggering a major breakout trade. That trade will hit once NPSP takes out some overhead resistance at $9.06 to $9.28 with high volume.
Traders should now look for long-biased trades in NPSP as long as it's trending above $8.50, and then once it sustains a move or close above those breakout levels with volume that's near or above 890,000 shares. If that breakout triggers soon, then look for NPSP to re-test or possibly take out its next major overhead resistance levels at $10 to $10.33, or even $10.75.