Given Imaging

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Given Imaging ( GIVN) develops, manufactures and markets diagnostic products for the visualization and detection of disorders of the gastrointestinal tract. Its products include Capsule Endoscopy and pH Monitoring. This stock is trading up 2.9% at $18.69 in recent trading.

Today's Volume: 304,000

Average Volume: 99,354

Volume % Change: 499%

Shares of GIVN are moving notably higher today after Cantor Fitzgerald boosted its price target on the stock from $22 to $25.

>>Stocks With Recent Analyst Upgrades

From a technical perspective, GIVN is bouncing up here right off some near-term support at $18 with above-average volume. This move is following a gap up in price from last week that took the stock from $15.50 to above $17.50. That move also has pushed GIVN into overbought territory, since the stock has a current relative strength index of 80.

Overbought can always get more overbought, so traders should now look to play the next major breakout for GIVN. That breakout will hit once GIVN manages to clear some key overhead resistance levels at $19.48 to $19.95 with high volume. Look for a sustained move or close above those levels with volume that hits near or above 99,354 shares. If that breakout triggers soon, then look for GIVN to re-test or possibly take out its next major overhead resistance levels at $22.19 to $22.92.

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