Optimer Pharmaceuticals

Optimer Pharmaceuticals ( OPTR) is a biopharmaceutical company focused on developing and commercializing hospital specialty products. This stock is trading up 5.2% at $15.82 in recent trading.

Today's Volume: 416,000

Average Volume: 402,818

Volume % Change: 113%

>>5 Stocks Under $10 Set to Soar Higher

From a technical perspective, OPTR is bouncing strongly here right near its 50-day moving average of $14.93 with heavy above average volume. This move is quickly pushing OPTR within range of triggering a major breakout trade. That trade will hit once OPTR takes out some past overhead resistance levels at $15.87 to $16.39 with high volume.

Traders should now look for long-biased trades in OPTR as long as its trending above its 50-day, and then once it sustains a move or close above $15.87 to $16.39 with volume that's near or above 402,818 shares. At last check, OPTR has hit an intraday high of $15.89 and volume is just starting to track in above 402,818 shares. If OPTR can trigger that breakout soon, then this stock has an excellent chance of re-testing or possibly taking out its 52-week high of $17.95.

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