Traders should now look for long-biased trades in LGND as long as it's trending above some key near-term support at $19.03, and then once it sustains a move or close above those breakout levels with volume that hits near or above 143,311 shares. If that breakout triggers soon, then LGND will set up to re-test or possibly take out its next major overhead resistance levels at $22 to $23. Any move above those levels could then put $25 into focus for shares of LGND.
Exterran Partners (EXLP)
This company is engaged in the natural gas compression and a provider of services and equipment for oil & gas production, processing, treating, transportation and storage. This stock is trading up 2.6% at $22.60 in recent trading.
Today's Volume: 191,000Average Volume: 115,926 Volume % Change: 179% Shares of EXLP are moving higher today after Credit Suisse upgraded the stock to outperform from neutral. From a technical perspective, EXLP is trending higher here right above some near-term support at $21.75 with above-average volume. This move is quickly pushing EXLP within range of triggering a near-term breakout trade. That trade will hit if EXLP manages to take out some near-term overhead resistance levels at $22.96 to $23.06 and then some past overhead resistance at $23.35 with high volume. Traders should now look for long-biased trades in EXLP as long as it's trending above its 50-day at $21.45, and then once it sustains a move or close above those breakout levels with volume that hits near or above 115,926 million shares. If that breakout hits soon, then EXLP will set up to re-test or possibly take out its next major overhead resistance levels at $24 to $24.88. Any move above those levels will then put $26.97 into focus for shares of EXLP. Healthcare Services Group (HCSG) This company provides housekeeping, laundry, linen, facility maintenance and dietary services to the health care industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the U.S. This stock is trading up 2.5% at $24 in recent trading.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
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
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts