Tekmira Pharmaceuticals ( TKMR) This company is engaged in a biopharmaceutical business focused on advancing novel RNA interference therapeutics and providing its lipid nanoparticle delivery technology to pharmaceutical partners. This stock is trading up 8.8% to $5.40 in recent trading. Today's Range: $5.00-$5.44 52-Week Range: $1.77-$6.78 Volume: 74,000 Three-Month Average Volume: 61,738 From a technical perspective, TKMR is bouncing strongly here right off its 50-day moving average of $4.95 with above-average volume. This stock is quickly moving within range of triggering a near-term breakout trade. That trade will hit once TKMR takes out some near-term overhead resistance levels at $5.35 to $5.78 with high volume. At last check, TKMR have hit an intraday high of $5.45 and volume is just starting to surpass its three-month average action of 61,738 shares. Traders should now look for long-biased trades in TKMR as long as it's trending above its 50-day at $4.95, and then once it sustains a move or close above those breakout levels with volume that hits near or above 61,738 shares. If that breakout hits soon, then TKMR will set up to re-test or possibly take out its next major overhead resistance levels at $6 to $6.78. Oncothyreon ( ONTY) This is a clinical-stage biopharmaceutical company focused primarily on the development of therapeutic products for the treatment of cancer. This stock is trading up 3% to $2.34 in recent trading. Today's Range: $2.62-$2.42 52-Week Range: $1.71-$9.23 Volume: 1.57 million Three-Month Average Volume: 1.41 million From a technical perspective, ONTY is trending modestly higher here with above-average volume. This stock recently gapped down big last December from around $4.50 to $1.71 with massive downside volume. Following that gap, the stock hit $1.80 and then started to rebound and move higher back above $2 a share. That rebound has now pushed ONTY into breakout territory back above its gap down day high of $2.19. This move is also coming off extremely oversold territory, since its relative strength index (RSI) reading was well below 20. Oversold can always get more oversold, but it's also an area where a stock can experience a powerful bounce higher. Since ONTY is moving back above its gap down day high, it looks like that bounce is under way.