VIVUS ( VVUS)

This is a biopharmaceutical company engaged in the development and commercialization of therapeutic products for large underserved markets. This stock is trading up 13.7% at $11.77 in recent trading.

Today's Volume: 13.18 million

Average Volume: 3.69 million

Volume % Change: 433%

Shares of VVUS are soaring higher today after health insurer Aetna revised its weight-loss-treatment policy to include its obesity drug Qsymia.

From a technical perspective, VVUS is bouncing hard to the upside here right around some near-term support at $10 with monster upside volume. This stock has been downtrending for the last month and change, with shares falling from $23.59 to its recent low of $9.86 with heavy volume. During that slide lower, shares of VVUS have been making lower highs and lower lows, which is bearish technical price action. That said, shares of VVUS have now started to flirt with a near-term breakout trade above some overhead resistance at $11.58. At last check, VVUS has hit an intraday high of $12.59 and volume is well above its three-month average volume of 3.69 million shares.

Traders should now look for long-biased trades in VVUS as long as it's trending near or above that key breakout level of $11.58 with strong upside volume flows. I would consider any upside volume day that registers near or above 3.69 million shares as bullish. If VVUS can maintain that trend, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at just below $16 or its 50-day moving average of $17.78.

Banner ( BANR)

This is a bank holding company is primarily engaged in the business of planning, directing and coordinating the business activities of two wholly owned subsidiaries, Banner Bank and Islanders Bank. This stock is trading up 1.5% at $29.94 in recent trading.

Today's Volume: 554,000

Average Volume: 147,232

Volume % Change: 466%

From a technical perspective, BANR is bouncing modestly higher here with above-average volume. This stock has been uptrending strongly for the last six months, with shares soaring from a low of $18.05 to a recent high of $30.77. During that uptrend, shares of BANR have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed BANR into breakout territory today, since the stock has started to flirt with some near-term overhead resistance at $30.05. At last check, BANR has hit an intraday high of $30.77 and volume is well above its three-month average action of 147,232 shares.

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