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4 Stocks Within Range of Breakouts

Receptos

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Receptos ( RCPT) is a biopharmaceutical company engaged in discovering, developing and commercializing therapeutics for immune disorders. This stock closed up 5% at $23.19 in Monday's trading session.

Monday's Volume: 69,000
Three-Month Average Volume: 55,356
Volume % Change: 50%

>>5 Stocks With Big Insider Buying

From a technical perspective, RCPT ripped higher here right above some key near-term support at $21 with decent upside volume. This move is quickly pushing shares of RCPT within range of triggering a major breakout trade. That trade will hit if RCPT manages to take out its all-time high at $25 with high volume.

Traders should now look for long-biased trades in RCPT as long as it's trending above support at $21 and then once it sustains a move or close above its all-time high at $25 with volume that's near or above 55,356 shares. If that breakout hits soon, then RCPT will set up to enter new all-time-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $30 to $35.
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SYM TRADE IT LAST %CHG
IRM $30.11 0.20%
MKTO $29.72 -2.30%
PTLA $50.11 1.40%
RCPT $227.94 0.04%
AAPL $118.12 -2.60%

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