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Aegerion Pharmaceuticals(AEGR - Get Report) is a biopharmaceutical company focused on the development and commercialization of therapeutics to treat lipid disorders. This stock is trading up 12.4% at $15.72 in recent trading.
Today's Volume: 470,000
Average Volume: 159,248
Volume % Change: 449%
Shares of AEGR are soaring today after Capstone initiated coverage on the stock with a buy rating and set a $21 price target.
>>Stocks With Recent Analyst Upgrades
From a technical perspective, AEGR is blasting higher here back above both its 50-day at $14.47 and its 200-day at $14.87 with above-average volume. This move is quickly pushing AEGR within range of triggering a near-term breakout trade. That trade will hit once AEGR manages to clear some near-term overhead resistance levels at $15.48 to $16.08 with high volume. At last check, AEGR has hit an intraday high of $16 with volume that's well above its three-month average action of 159,248 shares.
Traders should now look for long-biased trades in AEGR as long as it's trending above its 200-day at $14.87, and then once it sustains a move or close above those breakout levels with volume that's near or above 149,248 shares. If that breakout hits soon, then look for AEGR to re-test or possibly take out its next significant overhead resistance levels at $17.20 to $17.72.