Anacor Pharmaceuticals ( ANAC) is engaged in the discovery, development and commercialization of novel small molecule therapeutics derived from its novel boron chemistry platform. This stock closed up 12.9% at $14.21 in Wednesday's trading session.
Wednesday's Volume: 668,000
Three-Month Average Volume: 396,517
Volume % Change: 145%
Three-Month Average Volume: 3.81 million
Volume % Change: 376% From a technical perspective, HMA gapped higher here back above both its 50-day and 200-day moving averages with monster upside volume. This move is quickly pushing shares of HMA within range of triggering a major breakout trade. That trade will hit if HMA manages to take out Wednesday's high of $13.35 to its gap down day high from late July at $13.66 with high volume. Traders should now look for long-biased trades in HMA as long as it's trending above Wednesday's low at $13.09 or above its 200-day at $12.79 and then once it sustains a move or close above those breakout levels with volume that's near or above 3.81 million shares. If that breakout hits soon, then HMA will set up to re-fill some of its previous gap down zone from July that started near $17.