Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

pSivida ( PSDV) develops drug delivery products that are administered by implantation, injection or insertion. This stock is trading up 29% at $1.51 in recent trading.

Today's Range: $1.18-$1.55

52-Week Range: $3.50-$5.23

Volume: 241,000

Three-Month Average Volume: 59,338

From a technical perspective, PSDV is now trading within range of triggering a big breakout trade if this stock can manage to take out some past overhead resistance at $1.56 with heavy volume.

>>Stocks Rising on Unusual Volume

Market players should look for long-biased trades if PSDV sustains a high-volume move and close back above $1.56. At last check, volume today is well above its average and the stock has touched a daily high of $1.55. If we get that action soon, then look for PSDV to make a run at $2 or possibly much higher very quickly.

If you liked this article you might like

Lundbeck to Buy Chelsea Therapeutics for $658M

Why Chelsea Therapeutics (CHTP) Stock Is Soaring Today

Chelsea Exits in Victory With Lundbeck Takeout

Chelsea Therapeutics International Ltd. (CHTP) Shares Soar 14%

'Mad Money' Lightning Round: Zynga Can Go Higher