This Day On The Street
Continue to site right-arrow
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
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

4 Biotech Stocks Spiking on Unusual Volume

Stocks in this article: ARNAACHNTHLDMELA

Achillion Pharmaceuticals (ACHN)

This is a biopharmaceutical company which focuses on the discovery, development and commercialization of innovative treatments for infectious diseases. This stock is trading up 5.4% to $9.04 in recent trading.

Today's Range: $8.52-$9.05

52-Week Range: $5.42-$12.95

Volume: 701,000

Three-Month Average Volume: 987,190

From a technical perspective, ACHN is ripping higher here right above its 50-day moving average of $8.29 with decent volume. This move is quickly pushing shares of ACHN within range of triggering a near-term breakout trade. That trade will hit if ACHN manages to clear some near-term overhead resistance at $9.79 with high volume.

Traders should now look for long-biased trades in ACHN as long as it's trending above its 50-day at $8.29, and then once it sustains a move or close above $9.79 with volume that hits near or above 987,190 shares. If that breakout hits soon, then ACHN will set up to re-test or possibly take out its next major overhead resistance levels at $11 to $11.36.

Threshold Pharmaceuticals (THLD)

This is a biotechnology company focused on the discovery and development of drugs targeting the microenvironment of solid tumors as novel treatments for patients living with cancer. The stock is trading up 5.8% to $4.50 in recent trading.

Today's Range: $4.24-$4.58

52-Week Range: $1.27-$9.28

Volume: 884,000

Three-Month Average Volume: 942,030

From a technical perspective, THLD is bouncing higher here right off its 50-day moving average of $4.32 with decent volume. This stock has been trending sideways for the last two months, with shares moving between $3.94 on the downside and $5 on the upside. This move today is quickly pushing THLD within range of breaking out above the upper-end of its recent sideways trading pattern. That breakout will hit if THLD manages to take out some near-term overhead resistance levels at $4.58 to $5 with high volume.

Traders should now look for long-biased trades in THLD as long as it's trending above some key near-term support levels at $4.14 to $4.15, and then once it sustains a move or close above those breakout levels with volume that hits near or above 942,030 shares. If that breakout triggers soon, then THLD will set up to re-test or possibly take out its next major overhead resistance levels at $5.90 to its 200-day moving average at $6.37.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!

Markets

DOW 17,827.75 +12.81 0.07%
S&P 500 2,072.83 +5.80 0.28%
NASDAQ 4,787.3170 +29.0650 0.61%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs