This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

4 Health Care Stocks Rising on Big Volume

Affymax

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Affymax (AFFY) is a biopharmaceutical company committed to developing novel drugs to improve the treatment of serious and often life-threatening conditions. This stock is trading up 7.9% at $26.42 in recent trading.

Today's Volume: 960,000

Average Volume: 831,132

Volume % Change: 89%

Shares of AFFY are ripping higher here after Baird said following their pullback and after meeting with management, the stock should be bought aggressively. The firm raised its estimates on Omonty's and increased its near-term prospects that AFFY will beat consensus revenues.

>>5 Stocks Ready to Break Out

From a technical perspective, AFFY is bouncing hard here right off some near-term support at $24.16 with above-average volume. This move is quickly pushing AFFY within range of triggering a major breakout trade. That trade will hit once AFFY manages to take out some near-term overhead resistance and its 52-week high at $27.74 with high volume.

Traders should now look for long-biased trades in AFFY as long as it's trending above $24.16, and then once it sustains a move or close above $27.74 with volume that hits near or above 831,132 shares. If that breakout trigger soon, then look for AFFY to trend north of $30 in the near future.

4 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
GIVN $0.00 0.00%
AFFY $0.11 0.00%
ISRG $540.70 0.00%
PETS $16.74 0.00%
AAPL $124.75 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs