(BDSI - Get Report)
is a specialty pharmaceutical company that is utilizing licensed and owned proprietary drug delivery technologies to develop and commercialize new formulations of proven therapeutics. This stock is trading up 9.6% to $4.90 in recent trading.
Today's Range: $4.59-$4.91
52-Week Range: $2.75-$6.89
Three-Month Average Volume: 153,962
From a technical perspective, BDSI is gapping higher here back above its 200-day moving average of $4.72 with above-average volume. This move is quickly pushing shares of BDSI within range of triggering a breakout trade. That trade will hit if BDSI manages to take out some past overhead resistance at $4.94 with high volume.
Traders should now look for long-biased trades in BDSI as long as it's trending above its 200-day at $4.72 and then once it sustains a move or close above $4.94 with volume that hits near or above 153,962 shares. If that breakout triggers soon, then BDSI will set up to re-test or possibly take out its next major overhead resistance levels $5.28 to $6. Any high-volume move above $6 will then put $6.50 to $6.89 into range for shares of BDSI.
To see more stocks that are making notable moves higher today, check out the
Stocks Under $10 Moving Higher
portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.
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