Insulet ( PODD) is a medical device company that develops, manufactures and markets an innovative, discreet and easy-to-use insulin infusion system for people with insulin-dependent diabetes. This stock closed up 6.6% at $37.69 in Wednesday's trading session.
Wednesday's Volume: 1.06 million
Three-Month Average Volume: 357,791
Volume % Change: 185%
From a technical perspective, PODD spiked sharply higher here right off its 50-day moving average of $35.02 with above-average volume. This stock has been uptrending strong for the last six months, with shares soaring higher from its low of $23.50 to its recent high of $38.27. During that uptrend, shares of PODD have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of PODD within range of triggering a major breakout trade. That trade will hit if PODD manages to take out Wednesday's high of $37.85 to its 52-week high at $38.27 with high volume.
Traders should now look for long-biased trades in PODD as long as it's trending above its 50-day at $35.02 or above more near-term support at $34.39 and then once it sustains a move or close above those breakout levels with volume that hits near or above 357,791 shares. If that breakout hits soon, then PODD will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $43 to $45.AngioDynamics AngioDynamics ( ANGO) provides medical devices used in minimally invasive, image-guided procedures to treat peripheral vascular disease, and local oncology therapy options for treating cancer. This stock closed up 3.4% at $14.96 in Wednesday's trading session. Wednesday's Volume: 429,000
Three-Month Average Volume: 118,626
Volume % Change: 232% From a technical perspective, ANGO trended higher here with above-average volume. This stock has been uptrending strong for the last month and change, with shares exploding higher from its low of $10.84 to its recent high of $15.15. During that uptrend, shares of ANGO have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of ANGO within range of triggering a near-term breakout trade. That trade will hit if ANGO manages to take out Wednesday's high of $15.02 and then its 52-week high at $15.15 with high volume.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts