Traders should now look for long-biased trades in NKTR as long as it's trending above some near-term support levels at $8.88 to $8.69 and then once it sustains a move or close above those breakout levels with volume that hits near or above 944,082 shares. If that breakout triggers soon, then NKTR could easily run higher ahead of its earnings report and possible tag $10.50 to $11.
Today's Range: $5.12-$5.5552-Week Range: $1.81-$6.80 Volume: 48,000 Three-Month Average Volume: 49,210 >>5 Health Care Stocks Triggering 'Buys' From a technical perspective, FONR is spiking higher here right off its 50-day moving average of $5.20 with decent upside volume. This stock recently pulled back from its high of $6.41 to its low at $5.10, but the stock has so far held right around its 50-day off that selloff. Traders should now look for long-biased trades in FONR as long as it's trending above its 50-day at $5.20 or its recent support at $5.10 with strong upside volume flows. I would consider any upside volume day that registers near or above its three-month average action of 49,210 shares as bullish. If FONR can maintain that trend, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $6.41 to $6.60 or possibly $6.80. Any move above $6.80 would then push shares of FONR into new 52-week-high territory, which is bullish technical price action. MER Telemanagement Solutions MER Telemanagement Solutions (MTSL - Get Report) provides telecommunications expense management, call accoungint and billing solutions. This stock is trading up 4.4% to $4.59 in recent trading. Today's Range: $4.33-$4.75 52-Week Range: $1.22-$5.18 Volume: 65,000 Three-Month Average Volume: 123,967 From a technical perspective, MTSL is ripping higher here right above some near-term support at $4.19 and above its 50-day moving average of $4.01 with lighter-than-average volume. This stock has been uptrending strong for the last five months, with shares soaring higher from its low of $2.40 to its recent high of $5.18. During that move, shares of MTSL have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of MTSL within range of triggering major breakout trade, which will hit if MTSL manages to take out its 52-week high of $5.18 with high volume.