Halozyme Therapeutics (HALO - Get Report) is a biopharmaceutical company engaged in develops and commercializes innovative products that advance patient care. This stock is trading up 7.8% to $6.51 in recent trading.
Today's Range: $6.09-$6.53
52-Week Range: $3.86-$9.92
Three-Month Average Volume: 1.29 million
From a technical perspective, HALO is ripping higher here and taking out its 200-day moving average at $6.40 with decent upside volume. This stock has been uptrending for the last few weeks, with shares moving higher from its low of $5.03 to its intraday high of $6.53. During that move, shares of HALO have been mostly making higher lows and higher highs, which is bullish technical price action.Traders should now look for long-biased trades in HALO as long as it's trending above its 200-day at $6.40 with strong upside volume flows. I would consider any upside volume day that registers near or above its three-month average action of 1.29 million shares as bullish. If HALO can maintain that trend, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $7.30 to $8. Lucas Energy Lucas Energy (LEI - Get Report), together with its subsidiary, LEI Alcalde Holdings, explores for, develops, produces and markets mainly crude oil and, to a much lesser extent, natural gas. This stock is trading up 3% to $1.35 in recent trading. Today's Range: $1.31-$1.37
52-Week Range: $0.95-$2.54
Three-Month Average Volume: 120,132 From a technical perspective, LEI is trending modestly higher here back above its 50-day moving average at $1.33 with lighter-than-average volume. This move is quickly pushing shares of LEI within range of triggering a near-term breakout trade. That trade will hit if LEI manages to clear some near-term overhead resistance levels at $1.40 to $1.42 with high volume. Traders should now look for long-biased trades in LEI as long as it's trending above today's low at $1.31 or above its 50-day at $1.33, and then once it sustains a move or close above those breakout levels with volume that hits near or above 120,132 shares. If that breakout triggers soon, then LEI will set up re-test or possibly take out its next major overhead resistance levels at $1.62 to $1.82.
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