OraSure Technologies

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OraSure Technologies ( OSUR) is engaged in the development, manufacture, marketing and sale of oral fluid diagnostic products and specimen collection devices using its proprietary oral fluid technologies. This stock is trading up 4.5% at $11.20 in recent trading.

Today's Volume: 867,000

Average Volume: 828,681

Volume % Change: 100%

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From a technical perspective, OSUR is gapping up sharply higher here with above-average volume. This move has started to push OSUR into breakout territory, since the stock has started to flirt with some near-term overhead resistance at $11.37. At last check, OSUR has hit an intraday high of $11.43 but it's subsequently pulled back to around $11.20.

Traders should now look for long-biased trades in OSUR as long as it's trending above $11.37 to $11.43 with strong upside volume flows. I would consider any upside volume day that registers near or above 828,681 shares as bullish. If OSUR can maintain that trend, then this stock has a great chance of re-testing or possibly taking out its next major overhead resistance levels at $12.50 to $14.

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