Cambrex

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Cambrex ( CBM) is a life sciences company, which provides products and services, which accelerate and improve the development and commercialization of new and generic therapeutics. This stock is trading up 5% at $13.10 in recent trading.

Today's Volume: 283,000

Average Volume: 257,009

Volume % Change: 159%

From a technical perspective, CBM is trending higher here right off some near-term support at $12.50 with above-average volume. This move is quickly pushing CBM within range of triggering a major breakout trade. That trade will hit once CBM manages to clear some near-term overhead resistance at $13.44 with high volume.

Traders should now look for long-biased trades in CBM as long as it's trending above $12.24, and then once it sustains a move or close above $13.44 with volume that's near or above 257,009 shares. If that breakout triggers soon, then CBM could possibly tag $15 to $20 in the near future.

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