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4 Health Care Stocks Rising on Major Volume

Emeritus

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Emeritus (ESC) owns and operates a portfolio of communities providing services to its residents, including independent living, assisted living, specialized memory care, and, to a lesser extent, skilled nursing care. This stock is trading up 7.5% at $22.64 in recent trading.

Today's Volume: 985,000

Average Volume: 124,480

Volume % Change: 1415%

Shares of ESC are ripping to the upside today after Deutsche Bank started coverage on the stock with a buy rating. From a technical perspective, ESC is bouncing strong here right off some near-term support at $21 with monster upside volume. This move has started to push ESC into breakout territory, since the stock has moved above some near-term overhead resistance at $21.99.

Traders should now look for long-biased trades in ESC once it manages to trigger its next major breakout trade. That trade will hit once ESC clears some past overhead resistance at $22.88 with high volume. Look for a sustained move or close above $22.88 with volume that hits near or above 124,480 shares. If that breakout triggers soon, then look for ESC to re-test or possibly take out its next major overhead resistance levels at $24 to $26.

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SYM TRADE IT LAST %CHG
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