Optimer Pharmaceuticals (OPTR)
This is a biopharmaceutical company focused on discovering, developing and commercializing anti-infective products. This stock is trading up 6.3% to $9.90 in recent trading.
Today's Range: $9.39-$10.03
52-Week Range: $8.79-$16.49Volume: 336,000 Three-Month Average Volume: 557,752 From a technical perspective, OPTR is bouncing higher here off oversold levels with decent volume. This stock has been downtrending badly for the past three months, with shares plunging from a high of $16.49 to a recent low of $8.79. During that downtrend, shares of OPTR have been consistently making lower highs and lower lows, which is bearish technical price action. That said, the stock has now started to bounce off extremely oversold levels, since its relative strength index (RSI) reading was below 30 the past few weeks. That bounce is now pushing OPTR within range of triggering a near-term breakout trade. That trade will hit once OPTR manages to take out some near-term overhead resistance at $10.15 with high volume. Traders should now look for long-biased trades in OPTR as long as it's trending above today's low of $9.37, and then once it sustains a move or close above $10.15 with volume that hits near or above 557,752 shares. If that breakout triggers soon, then OPTR will set up to bounce back towards its 50-day moving average of $11.73. AEterna Zentaris (AEZS) This is a global biopharmaceutical company, which is focused on endocrine therapy and oncology with expertise in drug discovery, development and commercialization, mainly targeting the North American and European markets. This stock is trading up 8% to $2.15 in recent trading. Today's Range: $1.90-$2.20 52-Week Range: $1.75-$13.02 Volume: 857,000 Three-Month Average Volume: 570,360 From a technical perspective, AEZS is trending higher here with above-average volume. This bounce today is coming after shares of AEZS recently downtrended badly from a high of $5.62 to a recent low of $1.75. During that downtrend, shares of AEZS were consistently making lower highs and lower lows, which is bearish technical price action. That said, this bounce is now pushing AEZS within range of triggering a near-term breakout trade. That trade will hit once AEZS manages to clear some near-term overhead resistance levels at $2.37 to $2.50 with high volume.
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 Plus 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