Ligand Pharmaceuticals ( LGND) is a biotechnology company that operates with a business model focused on developing or acquiring assets. The stock is trading up 2.8% at $16.40 in recent trading. Today's Volume: 106,000 Average Volume: 97,074 Volume % Change: 112% >>6 Hot Stocks on Traders' Radars From a technical perspective, LGND is bouncing today right around some previous support at $16 with decent volume. This stock has also managed to hold its 50-day moving average of $15.18, after shares just dropped sharply from its recent high of $18.74. Traders should now look for long-biased trades if LGND can manage to close near its daily high. If we get that action today, then look for LGND to make a run at $17.50 in the near future.