Array Biopharma (ARRY - Get Report) is a biopharmaceutical company focused on the discovery, development and commercialization of small molecule drugs to treat patients afflicted with cancer and inflammatory diseases. This stock is trading up 3.7% to $5.61 in recent trading.
Today's Range: $5.50-$5.7752-Week Range: $1.58-$5.94 Volume: 631,000 Three-Month Average Volume: 1 million From a technical perspective, ARRY is bouncing solidly higher here right off some near-term support at $5.40 with decent volume. This move is quickly pushing ARRY within range of triggering a major breakout trade. That trade will hit once ARRY manages to take out some key overhead resistance levels at $5.85 to $5.94 with high volume. Traders should now look for long-biased traders in ARRY as long as it's trending above its 50-day at $5.12, and then once it sustains a move or close above those breakout levels with volume that's near or above 1 million shares. If that breakout triggers soon, then ARRY will setup to tag its next significant overhead resistance level at $8. To see more stocks under-$10 that are making notable moves higher today, check out the Stocks Under-$10 Moving Higher portfolio on Stockpickr. -- Written by Roberto Pedone in Winderemere, Fla.
Twitter and become a fan on Facebook.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts