Neptune Technologies & Bioressources

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Neptune Technologies & Bioressources ( NEPT) is engaged in manufacturing and formulation of marine omega-3 phospholipids. This stock is trading up 12.5% at $3.54 in recent trading.

Today's Range: $3.15-$3.60

52-Week Range: $2.02-$4.66

Volume: 654,000

Three-Month Average Volume: 66,868

Shares of NEPT are soaring today after Rodman & Renshaw initiated the stock with an outperform rating.

>>Stocks With Analyst Upgrades

From a technical perspective, NEPT is ripping higher today on monster volume, and this stock has triggered a near-term breakout trade with shares trending above $3.25 to $3.29.

Traders should now look to play the next major breakout for NEPT, which will trigger on a high-volume move or close above $3.78. I would consider upside volume that's near or well above 66,868 as bullish. If we get that breakout soon, look for NPET to make a run at $4.50 to $4.66 in the near future.

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