Today's Volume: 1.28 million
Average Volume: 791,487
Volume % Change: 171%
Shares of MDCO are trending higher after the company released positive late-stage trial results for its anti-clotting drug Cangrelor. Patients who took Cangrelor had a 22% lower risk of heart attack, death and other serious complications compared with patients using the current standard treatment clopidogrel.
From a technical perspective, MDCO is ripping higher here right above some near-term support at $31.18 with heavy upside volume. This move has briefly pushed shares of MDCO into breakout territory, since the stock has flirted with some key overhead resistance levels at $32.95 to $33.25. At last check, MDCO has hit an intraday high of $33.71 and volume is well above its three-month average action of 791,487 shares.
Traders should now look for long-biased trades in MDCO as long as it's trending above today's low of $32.10 and then once it sustains a move or close above $32.95 to $33.71 with volume that hits near or above 791,487 shares. If that breakout triggers soon, then MDCO will set up to enter new 52-week-high territory above $33.71, which is bullish technical price action. Some possible upside targets off that breakout are $35 to $38.
(WPRT - Get Report)
is engaged in the research, development and marketing of low-emission engine and fuel injection systems that utilize alternative gaseous fuels such as natural gas, propane or hydrogen. This stock is trading up 7.3% at $31.30 in recent trading.
Today's Volume: 1.58 million
Average Volume: 775,959
Volume % Change: 218%
From a technical perspective, WPRT is soaring higher here back above its 200-day moving average of $30.28 with heavy upside volume. This move has also pushed shares of WPRT into breakout territory, since the stock has taken out some near-term overhead resistance levels at $29.77 to $30.94. Shares of WPRT are now quickly moving within range of triggering another breakout trade. That trade will hit if WPRT manages to clear some more overhead resistance levels at $32.89 with high volume.
Traders should now look for long-biased trades in WPRT as long as it's trending above its 200-day at $30.28 and then once it sustains a move or close above $32.89 with volume that hits near or above 775,959 shares. If that breakout triggers soon, then WPRT will set up to re-test or possibly take out its next major overhead resistance levels at $35 to $40.