Genomic HealthGenomic Health ( GHDX) develops and commercializes genomic-based clinical laboratory services that analyze the underlying biology of cancer allowing physicians and patients to make individualized treatment decisions. This stock closed up 5.6% at $28.23 on Wednesday. Wednesday's Volume: 367,000 Average Volume: 206,351 Volume % Change: 66% From a technical perspective, GHDX gapped up strong right above some near-term support at $26.25 with above-average volume. This move briefly spiked GHDX back above its 50-day moving average of $28.56, before the stock pulled back and closed at $28.23. This move is quickly pushing shares of GHDX within range of triggering a near-term breakout trade. That trade will hit if GHDX manages to clear some near-term overhead resistance levels at $29.27 to $29.54 and then once it takes out more resistance at $30.18 with high volume. Traders should now look for long-biased trades in GHDX as long as it's trending above its 50-day at $28.56 and then once it sustains a move or close above those breakout levels with volume that hits near or above 206,351 shares. If that breakout happens soon, then GHDX will set up to re-fill some of its previous gap down zone from last November that started near $33. Palo Alto NetworksPalo Alto Networks ( PANW) is engaged in providing network security with its innovative platform that allows enterprises, service providers and government entities to secure their networks and safely enable the applications running on their networks. This stock closed up 4.7% at $56.52 on Wednesday. Wednesday's Volume: 1.91 million Average Volume: 1.02 million Volume % Change: 111% Shares of PANW trended up on Wednesday after Needham initiated coverage on the stock with a buy rating and a $70 price target. The firm said PANW is an attractive investment because it nearly creates budget IT dollars in a continued tight spending environment, due to the value business-side executives place on PANW's next gen firewall capabilities. From a technical perspective, PANW ripped higher here back above its 50-day moving average of $55.77 with heavy upside volume. This move is quickly pushing shares of PANW within range of triggering a near-term breakout trade. That trade will hit if PANW manages to take out some near-term overhead resistance levels at $57.20 to $57.36 with high volume.