Jazz Pharmaceuticals

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Jazz Pharmaceuticals ( JAZZ), a specialty pharmaceutical company, engages in the identification, development, and commercialization of pharmaceutical products to meet unmet medical needs. This stock is trading up 5.3% at $50.52 in recent trading.

Today's Volume: 871,000

Average Volume: 773,944

Volume % Change: 103%

From a technical standpoint, JAZZ is starting to trigger a breakout trade today now that this stock is moving above some near-term overhead resistance at $50.46 on decent volume. This is a very big move for JAZZ since it's pushing the stock into all-time high territory.

Traders should continue to look for long biased trades in JAZZ if it can manage to sustain a high-volume move and close above $50.46. If we get that action today, then this stock has a good chance of hitting $55 in the near future, as long as it doesn't trade back below $50.46 to $49.14.

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