XenoPort (XNPT) is a biopharmaceutical company focused on developing and commercializing a portfolio of internally for the treatment of neurological disorders. This stock is trading up 9.6% at $12.23 in recent trading.
Today's Volume: 498,000Average Volume: 446,355 Volume % Change: 106% >>4 Biotech Stocks Under $10 Moving Higher Shares of XNPT are skyrocketing today after Leerink said the preliminary results for its Phase I trial testing for different oral formulations of XP23829 is encouraging. The firm kept its outperform rating on the stock and raised its price target to $15 from $13. From a technical perspective, XNPT is bouncing hard here right off some near-term support at $10.90 with above-average volume. This move has also pushed XNPT into breakout territory, since the stock has busted above some near-term overhead resistance at $11.86. At last check, XNPT has hit an intraday high of $12.52 and volume has just started to surpass its three-month average volume of 446,355 shares. Traders should now look for long-biased trades in XNPT as long as it's trending above $11.20 to $11.86 with strong upside volume flows. I would consider any upside volume day that registers near or above 446,355 shares as bullish. If XNPT can maintain that trend, especially its trend above $11.86, then this stock has a great chance of tagging $15 in the near future.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
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
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV