InterMune ( ITMN)

This a biotechnology company focused on the research, development and commercialization of innovative therapies in pulmonology and orphan fibrotic diseases. This stock is trading up 6.4% to $9.22 in recent trading.

Today's Range: $8.63-$9.40

52-Week Range: $7.21-$19.33

Volume: 788,000

Three-Month Average Volume: 1.24 million

From a technical perspective, ITMN is ripping higher here right off its 50-day moving average of $8.81 with decent volume. This move is quickly pushing ITMN within range of triggering a major breakout trade. That trade will hit once ITMN manages to take out some key overhead resistance levels at $9.86 to $10.21 with high volume.

Traders should now look for long-biased trades in ITMN as long as it's trending above its 50-day at $8.81, and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.24 million shares. If that breakout triggers soon, then ITMN will set up to re-test or possibly take out its next major overhead resistance levels at $12 to $12.77.

MER Telemanagement Solutions ( MTSL)

This company provides solution for telecommunications expense management which is used by enterprises, and billing solutions used by information and telecommunication service providers. This stock is trading up 10.4% to $3.45 in recent trading.

Today's Range: $3.15-$3.69

52-Week Range: $1.18-$3.90

Volume: 518,000

Three-Month Average Volume: 145,830

From a technical perspective, MTSL is soaring higher here and breaking out above some near-term overhead resistance levels at $3.20 to $3.46 with heavy upside volume. This move is quickly pushing MTSL within range of triggering an even bigger breakout trade. That trade will hit once MTSL manages to take out some past overhead resistance levels at $3.90 to $4 with high volume.

Traders should now look for long-biased trades in MTSL as long as it's trending above $3.20, and then once it sustains a move or close above those breakout levels with volume that hits near or above 145,830 shares. If MTSL triggers that breakout soon, then the stock will enter new 52-week high territory, which is bullish technical action. Some possible upside targets are $5 to $7 in the near future.

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