Alnylam Pharmaceuticals (ALNY)
This is a biopharmaceutical company developing novel therapeutics based on RNA interference, which is a naturally occurring biological pathway within cells for selectively silencing and regulating the expression of specific genes. This stock is trading up 5.1% at $18.93 in recent trading.
Today's Volume: 396,000
Average Volume: 273,855Volume % Change: 217% Shares of ALNY are trending higher today after Piper Jaffray upgraded the stock to overweight from neutral. From a technical perspective, ALNY is trending higher here right above its 50-day moving average of $17.11 and above some near-term overhead resistance at $18.92 with above-average volume. This move is quickly pushing shares of ALNY within range of triggering a major breakout trade. That trade will hit once ALNY manages to clear its 52-week high of $21.38 with high volume. Traders should now look for long-biased trades in ALNY as long as it's trending above today's low of $18.21, and then once it sustains a move or close above $18.92 to $21.38 with volume that hits near or above 273,855 shares. If that breakout triggers soon, then ALNY will set up to re-test or possibly take out its next major overhead resistance levels at $23 to $25. Keep in mind that any move above $21.38 will also push ALNY into new 52-week high territory, which is bullish technical price action. O'Reilly Automotive (ORLY) This is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States, selling its products to both do-it-yourself customers and professional service providers. This stock is trading up 1.1% at $92.97 in recent trading. Today's Volume: 2.11 million Average Volume: 1.65 million Volume % Change: 125% From a technical perspective, ORLY is bouncing modestly higher here right above its 200-day moving average of $90.44 with above-average volume. This stock has been uptrending for the last month and change, with shares soaring from a low of $78.58 to its recent high of $94.88. During that move, shares of ORLY have been mostly making higher lows and higher highs, which is bullish technical price action. That move has now pushed ORLY within range of triggering a major breakout trade. That trade will hit once ORLY manages to clear some near-term overhead resistance at $94.88 with high volume.