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

Get Adobe Flash player

PhotoMedex ( PHMD) provides integrated disease management and aesthetic solutions through laser and light-based devices and science-based skincare products. This stock is trading up 4% at $15.40 in recent trading.

Today's Volume: 120,000

Average Volume: 54,122

Volume % Change: 213%

>>5 Stocks Setting Up to Break Out

From a technical perspective, PHMD is ripping higher here and it's triggering a near-term breakout above some overhead resistance at $15.11 on heavy volume.

Traders should continue to look for long-biased trades in PHMD as long as it's trending above $15.11 with strong upside volume flows, and if it closes near its daily highs. I would consider any upside volume that's near or well above 54,122 shares as bullish. If we get a strong close today, then look for PHMD to continue its uptrend towards its next significant overhead resistance level at $16.81 in the near future.

If you liked this article you might like

Allscripts Stock Climbs, Cantor Upgrades After McKesson Deal

Analysts' Actions -- Adobe, Starbucks, Snap, KB Home and More

Allscripts (MDRX) Stock Stumbles as Q3 Results Miss Expectations

Analysts' Actions -- Chipotle, Darden, McDonald's, Square and More

Allscripts (MDRX) Stock Lower After Q2 Revenue Miss