Corcept Therapeutics

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Corcept Therapeutics ( CORT) is a pharmaceutical company engaged in the discovery and development of drugs for the treatment of severe metabolic and psychiatric disorders. This stock is trading up 11.6% at $2.98 in recent trading.

Today's Range: $2.70-$3.26 52-Week Range: $2.50-$5.07

Volume: 940,000

Three-Month Average Volume: 290,663

>>Health Care Stocks Bought and Sold by Hedge Funds

From a technical perspective, CORT is spiking significantly higher today on strong volume, and it's moving very close to its 50-day moving average of $3.29 and its 200-day moving average of $3.47.

Traders should consider long-biased trades in CORT once it can manage to close above both of those key moving averages with volume. If we get that action soon, then look for a much bigger breakout trade to trigger once $3.67 is taken out with volume. Look for volume on either move that registers near or well above 290,663 shares.

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